Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (21) | Ignore Thread Prev | Next
Author: aj485 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5084  
Subject: Re: Milestone on the way to FI Date: 7/10/2007 8:00 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
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/etf

ETFs 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
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (21) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement