I have access to invest in VTI on ETrade. Should I use that to invest in Vanguard's Index Funds? Or should I open up a new Vanguard account and invest in VTI/VTSMX/VTSAX? Not sure which option is the best one.
Check out FZROX too. No minimums and I think no fees either.
Sure will do!
Yes this is not a total domestic market fund but it does get large cap domestic stock. And zero fees is always good. It’s a brand new fund so it remains to be seen how it will perform but should be a good bet if you’re interested in something like a s&p index fund. The total market funds also include mid/small cap stocks which are good to have somewhere in your portfolio if you don’t have it in FZROX.
VGT. Hard to beat it's return since it's inception in 2004.
Haven't looked at this, will check it out.
This is a sector play. If you’re bullish on tech then it’s a good fund. But past success is not indicative of future results. You’re taking on sector concentration risk, perhaps for higher returns than the total market, perhaps not. Of course most of us are pretty bullish on tech given our professions :)
Why open a Vanguard fund when you can buy most of these commission free on RobinHood?
If you can trade it for free on etrade, go for it..
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Fidelity lowered their FSTMX expense ratio and no minimum investment. If not, I would open up a new Vanguard account.
Ah! I'm a noob at this. Any advantages to have FSTMX over VTSMX?
They are incredibly similar. I believe FSTMX now has same expense ratio as FSTVX making them essentially identical. FSTVX was on par with VTSAX in terms of expense ratio and recently became even cheaper. And VTSAX was better than VTSMX in terms of expenses. At least on paper, you’re better off going with Fidelity after their expense reductions. Vanguard has a history of low cost funds so it may depend how important that history is to you. Fidelity’s changes are recent but very promising. If you own any of these you are basically owning the same basket of stocks and so you “can’t go wrong” with any of them. You should just try to minimize your expenses and Fidelity options will do that for you. If you go with Vanguard, VTI and VTSAX are the same fund with the same expenses. VTSMX is more expensive with lower minimum balance to enter. VTSAX requires 10,000. VTI is an ETF which may make trading easier or worse depending on how you want to do it. Not sure if etrade charges but I imagine you may pay commissions on each trade of VTI so if you’re buying frequently, you may want a Vanguard or Fidelity account to buy their funds directly for free. I own VTI and VTSMX and FSTVX. If I was investing right now I’d choose FSTVX (because I have a Fidelity account and don’t have a Vanguard account and because the fees are lower.) VTI and VTSMX I acquired before having the Fidelity account. I would exchange them but there’s no sense in doing that now because they have appreciated and I would have to pay capital gains tax. I plan to donate some of them to a donor advised fund, and then in exchange I would buy more FSTVX.