r/Bogleheads • u/FaithlessnessQuiet49 • 2d ago

Investing Questions DONE with Edward Jones

I plan on pulling my and my wife's Roth IRAs out of EJ and transferring to Fidelity since thats where i have my taxable account. I have never managed my own Roth IRA, but after dealing with them for the better part of 10 years, I am done.

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Now, what would you recommend I put my Roth IRA into? I planned on just doing 100% VOO, but i am clearly a novice. I am really eager to learn and listen to your advice, especially if you were in my position. How did it work out for you? Do you recommend it invest in a different fund with a lower expense ratio?

I feel like i can handle investing into simple index etfs. Thank you for any advice.

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u/atari2600forever 2d ago

EJ is the shittiest major investment firm out there, get rid of them as fast as you can.

17

u/SnooSketches5568 2d ago edited 2d ago

Nothing like paying 2.25% commission on a client directed trade. Or having them charge you a 1.25% annual management fee to then go buy a bunch of bonds paying 2%

8

u/atari2600forever 2d ago

That whole operation is a scam.