Is CharlesSchwas is a good place to put your IRA in its mutual Fund?

I do not know mutual fund much. Please help advice and give specific places I should invest for my IRA. What do you think of charles Schwab?

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3 Responses to “Is CharlesSchwas is a good place to put your IRA in its mutual Fund?”

  1. madbaldscotsman says:
    May 15, 2011 at 12:16 pm

    I like the Janus Fund much better.

  2. EnviroDude says:
    May 15, 2011 at 1:07 pm

    I had an account with Schawb. The set me up in a no load trust where I could watch the stocks go up in value.

    After about 5 years, they changed and started to charge me $15 a quarter for fees. When I objected, they said they had the right to do so.

    When I threatened to sue, they sent me nasty letters threatening me (I was going to exercise my freedom of speech and tell the world on the internet what they were doing to me).

    When I tried to close the account, they wanted to extort money from me to do so.

    What happened? The stock collapsed and they fee’d me to a negative balance and sent me to collections.

    I then reported them and they backed off.

    I would avoid them at all costs.

  3. luv2fish says:
    May 15, 2011 at 2:06 pm

    Charles Schwab is not a mutual fund, it is a brokerage house that will invest your money in whatever you want. Call them and ask to speak to an investment advisor. Tell him / her that you would like to set up an IRA. They will give you advice on how to do it and what to invest in. You can set up an account over the phone, no muss, no fuss