TD Ameritrade. The Matthews funds are No Transaction Fee and No Load, so they don't cost anything to get into or out of (though there is a 2% penalty if you sell within 3 months of purchase).
You should avoid getting into a mutual fund near the end of the year, because that's when they usually issue dividends, which are taxable. No point in buying into a fund and having to immediately pay taxes on it before it even makes any money.
ETFs are traded like stocks, so you can hop in and out without any penalties, but you do have to pay commission ($9.99 through TD Ameritrade) every time you buy or sell.
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timeasmymeasure
no subject
Date: 2007-11-05 03:46 am (UTC)You should avoid getting into a mutual fund near the end of the year, because that's when they usually issue dividends, which are taxable. No point in buying into a fund and having to immediately pay taxes on it before it even makes any money.
ETFs are traded like stocks, so you can hop in and out without any penalties, but you do have to pay commission ($9.99 through TD Ameritrade) every time you buy or sell.