Broad Base Core Mutual Fund Review
Similar to the previous newsletter November 2, 2015: Broad Base Index Core ETFs Review, in this newsletter, we extend our review to the core mutual funds used in major brokerage plans. These core mutual funds are picked to represent major asset classes.
Readers might notice that we didn’t use Index word for these core mutual funds. This is due to the fact that many major brokerages do not actually provide low cost index funds such as Vanguard mutual funds as their transaction free funds. Surprise! Certainly we can understand the competition because firms like Schwab and Fidelity have their own funds to sell.
We still do not recommend a TD Ameritrade mutual fund plan due to its excessive minimum holding period (6 month) requirement. For TD Ameritrade, however, using its extensive commission free ETF line up is good enough to construct asset allocation portfolios with core index ETFs.
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