Rollover IRA, Great Recession Recovery Nightmare

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10 Responses

  1. Man, that was painful. Your story reminds me that I need to rollover the 401K I have with my former employer to Vanguard or Charles Schwab. (I haven’t decided which one to go with yet.)

    My experience wasn’t nearly as bad as yours, but about a year or so ago I bought a bond fund that was supposed to yield returns of about 3%. Shamefully, I got the idea from Money magazine (I think). Didn’t do much research. Either way, I invested maybe a couple thousand dollars and within a week I lost $115. I couldn’t deal with that so I sold it.

  2. MoneyCone says:

    Sorry to hear about your woes Buck! I’ve been with Fidelity, Vanguard, Scottrade, Optionshouse, WellsTrade and Sharebuilder! I’ve written about most of these brokers as well. The easiest was Scottrade. Very easy to work with and they don’t hit you with fees on the way out.

  3. Arlee Bird says:

    No horror stories other than I have virtually no investments. I have a few hundred left in a SunAmerica account and I must say they have been wonderful whenever I’ve needed to cash out some of my investment. But what do I know about investing anyway. I guess if I knew more I wouldn’t be in the predicament that I’m in now. Hope your investing future works in your favor.

    Lee
    A Faraway View
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  4. Shilpan says:

    Sorry to hear about missing out on one of the biggest rallies of the decade. I can’t believe that in this day and age, it takes so long to transfer funds from one account to another. I am thinking about moving one of my IRA accounts to option house. But, I am afraid due to the same reasons that you’ve mentioned.

  5. That definitely sounds painful. I’m sorry you are having so many nightmares. The fees can be a real beast.

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