Looking for moderate to aggressive growth. Appreciate inputs
This is quite generic advice but it’ll get you on the right path. Moderate to aggressive growth may constitute anything between a 60/40 up to a 95/5 split of stocks/bonds. I’d strongly suggest you select ETF’s (Exchange Traded Funds) and avoid mutual funds. For each category (stocks, bonds) buy several ETF’s 5-10 should be sufficient that encompass a blend of multiple sectors and industries, both US and International.
Reasoning behind an ETF over mutual fund? Iirc then vanguard doesn't allow auto deposits in ETFs and you're only able to buy in whole shares ie 4k is fine for a mutual fund since you're above the minimum but if the ETF is $250 a share then you can only but in mutliples of $250, correct?
That’s a good point, I’m not entirely familiar with Vanguard’s exact deposit structure. The biggest reason for ETF’s over Mutual Funds is that in the long run (say a 20 year span) 99% of mutual funds underperform against the market when accounting for management fees (ETF’s track market indices). Additionally since ETF’s just track the performance of an index in the market, there is no manual money management and therefore the management fees are in hundredth’s of a percent versus percent fees from mutual funds.
3 fund portfolio or 1 fund (s&p). Dont over complicate
VTSAX
3 fund portfolio, skip bond for aggressive growth if younger. VTSAX, VTIAX either in 60:40 or 70:30 ratio. Can also add some vanguard small cap value index and vanguard international small cap value index funds as historically their returns have been higher. Read following for additional details and more tuning. http://paulmerriman.com/2014-new-site/wp-content/uploads/2013/04/first-time-investor-grow-and-protect-your-money.pdf
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VTI VTIAX 60-40
This is basically 100% VT