Replies to post #152 on A.I.M. For Exchange Traded Funds (ETFs)

[OldAIMGuy]

Hi B, There are a bunch of No Load mutual funds around still. I've had personal experience with Am. Century Investors which was favorable. They have a "brokerage" end of the business now so you can trade individual stocks with them as well as own their various mutual fund offerings.

Invesco also has lots of No Load funds. You can be more "sector specific" with some of their funds. I don't know if they have a brokerage aspect of their business or not.

Fidelity has both brokerage and a zillion fund choices. However, their funds are almost all Load or commissionable in some fashion.

I'm currently using TD Waterhouse as my broker and own six Exchange Traded Funds (ETFs) as well as many individual company stocks. The ETFs trade in the same fashion as regular company stocks, so you can trade during normal business hours any day the market is open. You'll pay a commission just like with regular stocks as well.

Best regards, Tom

[Toofuzzy]

Hi Bandito:

>>>, I am new to the board and would like to ask a question. I want to begin trading my 401k account and want to move it to a family of mutual funds that allows daily trading or set it up as trading account where I can invest in individual stocks. Can you reccomend a fund or a broker that alows this without penalties.
Thanks,<<<<

Your 401K determines who you can invest with (the administrator) and what you can buy within the plan (the plans offerings). You do not have a choice (of broker) and you can not USUALLY buy individual stocks (and probably should not anyway unless you have something north of $100,000 >just my opinion<)

If you are the person that picks the plan administrator that is another story.

Having said that look for low cost index funds to invest in within your 401k and treat all your investments inside and outside of the 401k plan as a basket that needs to be diversified as a whole.

Toofuzzy