Roth IRAs and Trading Stocks

[SALEEN961]

Hello, I'm looking to open a ROTH IRA that gives me the ability to trade stocks like I do in my Scottrade brokerage account but with all the tax advantages that a Roth IRA provides so long as I'm ok with leaving the money in there until I'm 60. Can anyone reccomend a company to look into that gives a wide option of stocks to invest in that can be traded online?

My plan is to keep funds I might need to access at somepoint in my normal brokerrage account where I'll pay capitol gains tax every year and to keep funds comitted to retirement in a ROTH IRA where I'll pay no additional taxes and let the money grow tax free as untaxed gains are re-invested.

I'm also interested in hearing any retirement or general investment advice from someone else who would undoubtably have more knowledge and experience in this area than I do.

[iced]

I'm fairly sure Fidelity lets you do this with personal IRAs (including Roth). If it was opened by an employer, such as a 401k, it's restricted to what can be done by the employer.

[bada_bing]

Any of the often recommended discount brokerages offer Roth IRA accounts

that have full trading access. I have current IRA accounts at Schwab, Fidelity and

TdAmeritrade. Any of those do what you are asking for and are extremely well run

companies. Take your pick, or there are a few others I don't have experience with

that get equally good reviews. You really can't go wrong picking any large discount

brokerage, the niche is filled with quality players.

I don't have much advice as far as investing beyond this: Be careful about falling

into the belief system that you can time the market or pick individual stocks and

statistically beat the performance of the market as a whole. That is a pipedream.

I'd recommend spending your research time figuring out your asset allocation and

then buy it with the cheapest index products that get you there. And then hold.