intelliot
03-03-2009, 02:31 AM
I was just wondering if you smart folks have a Roth IRA.
What do you think of the Vanguard Precious Metals and Mining Fund (VGPMX)?
The Vanguard website says it has a minimum of $10,000. I'm not sure how that works, since the Roth IRA maximum contribution is $5,000. Maybe that's merely the minimum to avoid fees? The site says:
For nonretirement accounts, traditional IRAs, Roth IRAs, UGMAs/UTMAs, SEP–IRAs, and education savings accounts (ESAs):
Vanguard charges a $20 annual account service fee for each Vanguard fund with a balance of less than $10,000 in an account. This fee does not apply if you sign up for account access on Vanguard.com and choose electronic delivery of statements, confirmations, fund reports, and prospectuses. This fee also does not apply to members of our enhanced services, which require a minimum of $100,000 in total eligible household assets held at Vanguard by you and your immediate family members who reside at the same address.
Thanks :)
What do you think of the Vanguard Precious Metals and Mining Fund (VGPMX)?
The Vanguard website says it has a minimum of $10,000. I'm not sure how that works, since the Roth IRA maximum contribution is $5,000. Maybe that's merely the minimum to avoid fees? The site says:
For nonretirement accounts, traditional IRAs, Roth IRAs, UGMAs/UTMAs, SEP–IRAs, and education savings accounts (ESAs):
Vanguard charges a $20 annual account service fee for each Vanguard fund with a balance of less than $10,000 in an account. This fee does not apply if you sign up for account access on Vanguard.com and choose electronic delivery of statements, confirmations, fund reports, and prospectuses. This fee also does not apply to members of our enhanced services, which require a minimum of $100,000 in total eligible household assets held at Vanguard by you and your immediate family members who reside at the same address.
Thanks :)