question for the investors
- Thread starter dbluesun
- Start date
I hold a few Vanguard Index funds VOO, VTI
They have generally good reputation on their funds. I only buy the ones that track the market and it slightly beats the market. Ive never setup an account with them so maybe someone else can chime in.
oh and thanks calamity
I have a Roth and rollover IRA with them. Low fees, a lot of folks have complained about their app but I find it fine for my needs. VTSAX is the admiral shared of the total stock market index fund which buys shares if every publicly traded company in America. It’s my go to along with the VTIAX which is the total international index fund.
Easier? Pick a target date fund based on the year she thinks she’ll retire and just contribute to that. Again, low fees. Fees will eat you alive, even a 1% fee will reduces overall returns by 30% or more in the long run.
All admiral share funds have a $3k minimum to open.
Fidelity is also a good low cost shop to invest retirement or other funds in.
Easier? Pick a target date fund based on the year she thinks she’ll retire and just contribute to that. Again, low fees. Fees will eat you alive, even a 1% fee will reduces overall returns by 30% or more in the long run.
All admiral share funds have a $3k minimum to open.
Fidelity is also a good low cost shop to invest retirement or other funds in.
That's if you buy the mutual fund, you can buy the etf version and buy shares just like stocks.
Of the 4 I own I open 3 with $3K each. VFIAX I open with $12K back when it was an admiral level fund and the buy in was min $10K.
Now you can buy into VFIAX for $3K.
If you don't want to jump that high with the $3K min, there are ETF's that track the market you can buy at the daily market rate which is whatever it's trading for at that time.
from my little research i gathered that it was a reputable company with low fees
i tried to explain that to her but she was already turned off by the 3k min. and she told me her other mutual fund investment from 2oyrs. ago started with a hundred dollars,no fees and a personal broker
i left it alone after that
Let her know, financial times have changed and those methods are no longer the standard.
I would imagine ETF's are more her speed.
What financial institution was she rocking with two years ago?
she told me but i tuned out when she said she doesn't pay fees
i told her to go back to them
thanks anyway
No worries Fam.
Have her check out MorningStar.com as a resource to track fund performance no matter the financial institution.
Morningstar | Empowering Investor Success
Our independent research, ratings, and tools are helping people across the investing ecosystem write their own financial futures.
That site has come through with lots of good info. Have her look at the fee's and min buy in amounts.
As mentioned above, grab the ETFs if you don't want to drop $3k mins. Plus, ETFs are generally more tax efficient in taxable accounts (brokerage accts) vs the equivalent mutual fund.
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