Best way to open index mutual fund account?? (Fly Jawns In Here)

[doe moe]

Is it better to meet with a rep in person or do it all online?

I'm new to this, first time investor.

Big Brothers with investment accounts please share your thoughts.

Much appreciated Family.

 

[doe moe]

 

[doe moe]

 

[doe moe]

 

[doe moe]

 

[doe moe]

 

[doe moe]

 

[doe moe]

 

[doe moe]

 

[doe moe]

 

[doe moe]

 

[doe moe]

 

[doe moe]

 

[doe moe]

 

[havelcok]

vanguard

https://investor.vanguard.com/home/

 

[doe moe]

 

[doe moe]

vanguard

https://investor.vanguard.com/home/

Brother Havelcok, I will definitely be rolling with Vanguard.

Because this is my first time, which is better, opening the account in person or online?

Thanks Mayne!

 

[Slowhands]

 

[doe moe]

Brother Slowhands....

 

[havelcok]

Brother Havelcok, I will definitely be rolling with Vanguard.

Because this is my first time, which is better, opening the account in person or online?

Thanks Mayne!

its pretty simple to do online
but they have really good customer reps too

If you know nothing about investing
I always recommend a Target date retirement fund
when you leanr more, you can buy admiral funds...

but I just put money in vfifx and return this year has been 20%

 

[doe moe]

its pretty simple to do online
but they have really good customer reps too

If you know nothing about investing
I always recommend a Target date retirement fund
when you leanr more, you can buy admiral funds...

but I just put money in vfifx and return this year has been 20%

From one Boglehead to the next, thank you!

 

[Flawless]

pretty easy, open a brokerage account with Vanguard which takes less than 10 minutes. Fund your account and buy the fund. Go with the Target date like dude said or just get the Total stock market fund.

 

[doe moe]

pretty easy, open a brokerage account with Vanguard which takes less than 10 minutes. Fund your account and buy the fund. Go with the Target date like dude said or just get the Total stock market fund.

Thank you Brother Flawless!

 

[doe moe]

I'm opening a regular index fund account plus a bond index fund account.

I'm reading the regular index fund should be a personal account (pay taxes at end of the year) and the index bond fund account should be a ROTH IRA or some type of IRA because of taxes.

I'm not looking for dividend payments, I simply want the money to keep rolling over into the pot.

Does this sound normal/reasonable to y'all Fam?

 

[Flawless]

Thank you Brother Flawless!

No prob. Subscribe to some financial podcasts like Stacking benjamins, they drop alot of good dimes on invest. You cant go wrong investing in index funds.

 

[Flawless]

I'm opening a regular index fund account plus a bond index fund account.

I'm reading the regular index fund should be a personal account (pay taxes at end of the year) and the index bond fund account should be a ROTH IRA or some type of IRA because of taxes.

I'm not looking for dividend payments, I simply want the money to keep rolling over into the pot.

Does this sound normal/reasonable to y'all Fam?

You want to open a Roth account and Max it first before you start investing in a taxable account.

 

[doe moe]

No prob. Subscribe to some financial podcasts like Stacking benjamins, they drop alot of good dimes on invest. You cant go wrong investing in index funds.

Nice!!

I'm checking them out now.

https://www.stackingbenjamins.com/

 

[TIMEISMONEY]

marked

 

[Flawless]

Nice!!

I'm checking them out now.

https://www.stackingbenjamins.com/

listen to their older episodes too, they are always dropping ideas on how to budget, invest, and creating passive income

 

[Iceman's Wrath]

 

[cnc]

You want to open a Roth account and Max it first before you start investing in a taxable account.

Agree in most circumstances but if putting more in the taxable account (401k, 403b) helps reduce the OP's tax burden, he may want to invest that money first, then hit the Roth hard.

 

[cnc]

I'm opening a regular index fund account plus a bond index fund account.

I'm reading the regular index fund should be a personal account (pay taxes at end of the year) and the index bond fund account should be a ROTH IRA or some type of IRA because of taxes.

I'm not looking for dividend payments, I simply want the money to keep rolling over into the pot.

Does this sound normal/reasonable to y'all Fam?

You can auto reinvest your dividends; it's as simple as checking a box on your VG account.

Like someone said, start with the target date funds. If you have enough to buy admiral shares though (10k minimum) you might replicate the target date fund options but buy the VG Total Stock Market Index Fund (VTSAX) as Admiral and the others Total International Stock Index Fund, VGTSX, Vanguard Total Bond Market II Index Fund Investor Shares, VTBIX and Vanguard Total International Bond Index Fund Investor Shares, VTIBX.

 

[furlough]

bookmarked

for the titz, azz & advice on investing cash

 

[Flawless]

Agree in most circumstances but if putting more in the taxable account (401k, 403b) helps reduce the OP's tax burden, he may want to invest that money first, then hit the Roth hard.

Yeah that 401k employer match is free money. Don't forget HSA's can be a another good tool if you invest the money long term instead of using it.

 

[doe moe]