Question: I rolled over my 401(k) into what I thought was an IRA but I just found out that my money has been in a non-IRA brokerage account the whole time. What should I do now?
Question: I am interested in starting an investment account for my recent college graduate. My plan is to make an initial stock/bond investment to get him started. My questions are: What/who is the best online investment firm to use if we are starting out small and want to pay as little as possible in fees? When I make the initial investment does he have to contribute to the same fund every month (i.e. purchase more of the same) or can he wait and invest at a later date? When he does invest more money is it advisable to invest in other funds? Is it worth his while to purchase individual stocks in companies he supports (i.e. Starbucks, etc.)?
–Vicky Stewart Smithtown, N.Y.
Question: I have $600 in stocks from an ex-employer, at a brokerage house that charges a $95 annual fee. Should I switch to another broker?
– Janel Shields, Dallas
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