As for Vanguard, I must be mistaken because I visited their site a few months ago because I was interested in opening an account with them. I was looking at the total stock market fund and I thought the details were something like a minimum 2k to start and a low yearly account maintenance fee. Am I talking about something different than everyone else?Vanguard's minimums for index mutual funds is generally $3000; there are low balance fees and annual fees that may apply, although if you will agree to receive everything electronically, they waive some of the fees.I think that the other posters in the thread were talking about Vanguard ETFs (Exchange Traded Funds) as opposed to mutual funds. The ETFs are like shares of stock that mimic a mutual fund. They also change value during the day like stocks and they can be traded like stocks, at any time during the day; mutual funds are re-valued and traded only after the market closes for the evening. Here is a page on the Vanguard website with more information: https://flagship.vanguard.com/VGApp/hnw/funds/etfETFs are generally good if you have a lump sum to invest because they often have even lower annual expenses than the mutual fund they mimic, and there aren't any annual fees. Because you have to pay a commission with every buy, they may not be so good if you are investing a smaller amount on a regular basis, because the trading costs can become prohibitive.AJ
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