I will be opening a mutual fund (not brokerage) account. Vanguard, of course, has the lowest fees, but?

Question

what about T. Rowe Price?  Fidelity has even higher fees-would they be worth it.  I will only be able to invest in the Family's funds due to my husband working for a brokerage company.  Which family and why.  Please, educated consumers only.  They all have funds I would buy and have bought.

Anonymous · Accepted Answer

I have most of my accounts with T. Rowe Price and like them very much - their service is excellent.  Vanguard is also very good, of course.  I have a couple of Vanguard funds but they are held in a brokerage account so have not dealt directly with them.  Either would be fine, I'm sure.

T. Rowe Price gets very high "corporate governance" marks from Morningstar.

Andy · Answer

I'd agree with the first poster - just buy the S&P 500 fund and pick an international fund for diversity.  

To respond to your note - I think you'd need to take a second look at what you're comparing... 

Fidelity has good funds and they'd be the best choice if you were gonna buy stocks BUT if you buy mutual funds out of their family the fees are exorbinant (75$).

sdn90036 · Answer

Just buy an S & P Index fund.  The fees for this will be low regardless of where you buy it. 

I really like Vanguard.  It started the low cost mutual fund revolution.

derobake · Answer

http://money.cnn.com/magazines/moneymag/bestfunds/2008/actively.html

https://personal.vanguard.com/us/VanguardViewsArticlePublic?ArticleJSP=/freshness/News_and_Views/news_ALL_money_bestfunds_01082008_ALL.jsp&src=NMC&returnLink=/freshness/News_and_Views/news_ALL_money_bestfunds_01082008_ALL.jsp

nuff said.

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I will be opening a mutual fund (not brokerage) account. Vanguard, of course, has the lowest fees, but?

4 Answers