I currently use Fidelity for my Roth IRA. I am very interested in socially-responsible/sustainable/alternative energy investing. However for these type of funds I am typically finding 2 options:
- ex: expense ratio of .22 BUT with a $75 transaction fee
- ex: expense ratio of .94-.99 (I don't let myself even consider ratios greater than 1.0), BUT with no transaction fee (ie a Fidelity fund)
At what point does one take precedence over the other? I know that in general you want the lowest expense ratio possible. But if I can get a really low expense ratio is it worth paying the $75 fee? Which I think is a 1x fee?
I have been searching the internet for an answer to this question, but any time a similar question is asked the responses manage to become tangential, discussing using both Fidelity and Vanguard and Schwab and whatever else and have all your funds in different places. Maybe one day I will be savvy enough to keep track of multiple different accounts, but I am currently not at that point and need to see everything on 1 screen.
So which ends up being more important in the end: low expense ratio or no-transaction fee?