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?
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.
No it isn't a must. Looking at the stock prices it seemed like a good time to get into the market. I just sold a bunch of my stocks so have cash lying around to invest.
When you mean "cycle" - what is a cycle? how does one know when cycle ended? Sorry for the stupid questions.
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.
Put minimum in VTSAX, then keep adding monthly or bi-weekly to average the cost basis
Thanks! Great tip.
Index fund for total market perform fairly similar. So I would choose fund eotj zero expense and hence fidelity
VTSAX
Thanks! Can I set up payroll deductions directly to the index fund?
Yes you can