Best Index Fund 10k

F5 Networks / Eng 1u2ir8v3f7
Nov 5, 2018 31 Comments

Thinking of investing 10k for long term.

1. Which Index fund under Fidelity and Vanguard is the best for 10k?

2. Should I diversify 10k into two funds?

3. Can you set up payroll deductions directly to the index fund?

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TOP 31 Comments
  • Google / Mgmt Don Jr
    Probably hold off until this cycle ends. As interest rates rise and bond yields rise, stocks tend to correct. However if you must, invest 20% now and on 5% declines double down.
    Nov 5, 2018 23
    • Google Eating
      My bad. I only saw the payroll part. I forgot OP has lump sum - in that case I don’t know what you should do about your lump sum.
      Nov 7, 2018
    • F5 Networks / Eng 1u2ir8v3f7
      OP
      Here's what I'm planning to do:

      Move 10k into a savings account with 2% yield.

      Put 2.5k into Vanguard every 15 days, along with my some more money from my paycheck.

      My lump sum will be split into 4 different payments, hopefully getting the advantage of dollar cost averaging a bit.
      Nov 7, 2018
    • Google Eating
      Wow how do you get a 2% with only a savings account? Are they credit unions or smaller banks? Big banks would never offer that rate...!
      Nov 8, 2018
    • Google QNrQ72
      You’ll be making <$30 of interest over the two months by holding that money in the 2% interest savings account
      Nov 8, 2018
    • F5 Networks / Eng 1u2ir8v3f7
      OP
      High Yield Online Savings bank give 1.5-2% like Synchrony, Ally, etc
      Nov 8, 2018
  • eBay / Eng
    #yolo

    eBay Eng

    PRE
    Microsoft
    #yolomore
    VTSAX
    Nov 5, 2018 3
    • F5 Networks / Eng 1u2ir8v3f7
      OP
      Thanks! Can I set up payroll deductions directly to the index fund?
      Nov 5, 2018
    • eBay / Eng
      #yolo

      eBay Eng

      PRE
      Microsoft
      #yolomore
      Yes you can
      Nov 5, 2018
    • F5 Networks / Eng 1u2ir8v3f7
      OP
      Great! Thanks. I'll look into that.
      Nov 5, 2018
  • Amazon
    Bejos

    Amazon

    PRE
    Microsoft, Oracle
    Bejosmore
    Put minimum in VTSAX, then keep adding monthly or bi-weekly to average the cost basis
    Nov 9, 2018 1
    • F5 Networks / Eng 1u2ir8v3f7
      OP
      Thanks! Great tip.
      Nov 9, 2018
  • Lyft / Eng
    pplaredead

    Lyft Eng

    PRE
    Lyft
    pplaredeadmore
    I think by payroll deductions you mean auto contributions. You can't contribute to pretty much anything other than a retirement account directly from payroll. Vanguard and Fidelity do allow you to set up auto contributions to your accounts.
    Nov 6, 2018 0