Showing posts with label oppenhiemer. Show all posts
Showing posts with label oppenhiemer. Show all posts

Saturday, October 8, 2011

Another reason to change my roth IRA

I've written before that I want to switch my roth IRA account from oppenhiemer to a discount brokerage, and I planned on doing it towards the end of this month.  I got a letter in the mail yesterday further reinforcing that decision. 
It was the oppenhiemer funds account statement.  Since my last statement, I have lost close to 15% of value in the fund.  This isn't to be unexpected, the markets have had a rough few months.  The kick in the teeth comes in the fees that I have been charged for the privilege of losing money.  At least with scottrade or something like that, I get charged once when I pruchase, and once a long way in the future when I sell.  Anyway, I hope to get the paperwork rolling on this after my big dividend check comes in on the 16th.