Mar 30 2009
Big Fund Company - T. Rowe Price
T. Rowe Price offers more than ninety highly rated no-load funds, ranging from money markets to aggressive stock funds. The company also participates in a fund purchase program called Gateway that allows you to buy about 3,000 funds offered by one hundred other mutual fund families. By buying through T. Rowe, Gateway allows you to get a consolidated statement. In terms of investment minimums, you can either start with a lump sum of $2,500 or, if you don’t have that kind of cash in your sock drawer, you can opt for the “systematic purchase option”, whereby you simply invest at least $100 a month. (The investment minimum for IRAs is lower—$1,000 as a lump sum or a systematic purchase of at least $50 per month.) T. Rowe is also well known for wonderful investment literature, including brochures on investing for retirement and investing while in retirement. Contact details: www.troweprice.com, (800) 541-6066.
