No. of Recommendations: 0
Well, I hold Vanguard's 500 Index, so in a way I think it can make sense as long as you realize that this index is: Mostly big US stocks.

Also, I'm pretty sure Ameritrade would charge you a fee for buying VFINX and so why not just have an account with Vanguard? You could always transfer back to Ameritrade when you want to go into individual stocks.

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