I hate when I pay money that I didn't need to. I hate it even more when I am trying to do something smart with the money and end up wasting it!
Anyone who's following my million questions in the investment section knows that I have been pondering putting money into mutual funds for some time. I finally decided on the Vanguard 2045 fund. I wanted to buy while the market was down a little, so I transferred the money into my Ameritrade account rather than taking the time to open a new Vanguard account (which would have taken a few weeks, since I needed to use some of the money that was already in my Ameritrade fund - I called Vanguard and the forms needed to make the switch had to be sent in, not faxed). I figured that the trade would cost $10. Then I could switch all the shares over to Vanguard when I was ready to open that account.
The trade cost $40! Ouch. Of course, when I went back in to see where this was stated (or find out if we were being ripped off), it says right there in the fee section that MF trades cost $40. Man. Oh well. Hopefully, my shares will gain $40 in the next few weeks so that I can feel I made the right choice by not waiting 
(in 2 days, we're up $17.80!)
the stupid tax
March 7th, 2007 at 10:33 pm
March 7th, 2007 at 11:07 pm 1173308856
March 8th, 2007 at 07:27 am 1173338845