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Investing in mutual funds
Posted on 3/8/24 at 7:43 pm
Posted on 3/8/24 at 7:43 pm
I’m looking for a mutual fund or something similar. I’d like to have an account that I can put X amount monthly instead of a savings account. I have IRAs for wife and myself. Just looking for somewhere to easily put money on my own with advisors. This is for the long term. Thanks in advance.
Posted on 3/8/24 at 8:24 pm to LCboi
Yes like above said Vanguard is what has been very consistent. I have a Schwab account (formerly TD) and I have VGT and VOO. Tech and index.
ETA: I don’t use advisers. But not saying you shouldn’t. Low cost index funds are the way to go IMO.
ETA: I don’t use advisers. But not saying you shouldn’t. Low cost index funds are the way to go IMO.
This post was edited on 3/8/24 at 8:27 pm
Posted on 3/8/24 at 8:34 pm to LCboi
Vanguard and others also have cheap professionally managed mutual funds too.
Posted on 3/8/24 at 9:47 pm to lynxcat
Thanks. Vanguard and SCHB are the two I researched. I'll open both accounts.
Posted on 3/9/24 at 1:33 am to slackster
I use Fidelity for iras, etc but see vanguard mentioned the most here.
Never really looked into it deeply cause fidelity seemed great to me at the time. Is vanguard better in some ways? Would there be any reason to switch, etc?
Thanks.
Never really looked into it deeply cause fidelity seemed great to me at the time. Is vanguard better in some ways? Would there be any reason to switch, etc?
Thanks.
Posted on 3/9/24 at 5:37 am to LCboi
Taxable account I mostly keep investing in VTSAX.
Posted on 3/9/24 at 7:25 am to LCboi
quote:
Vanguard and SCHB are the two I researched. I'll open both accounts.
No reason to open both. One or the other
Posted on 3/9/24 at 8:18 am to NATidefan
quote:
Never really looked into it deeply cause fidelity seemed great to me at the time. Is vanguard better in some ways?
I use Fidelity because I don’t want to change platforms. Vanguard wrote the book on low cost index funds but Fidelity has them too for any sector you’re interested in.
Posted on 3/9/24 at 11:21 am to LCboi
FXAIX or VFIAX or any other fidelity/vanguard 500 funds
Posted on 3/9/24 at 11:27 am to LCboi
Don’t buy mutual funds. Do ETFs instead. Assuming you are talking about post-tax money. The problem with mutual funds is that even if you are just holding them they distribute capital gains each year, which may give you some unpleasant surprises.
Posted on 3/9/24 at 11:44 am to SloaneRanger
quote:
Don’t buy mutual funds. Do ETFs instead.
Generally agreed.
But my international stock funds are crushing and have been crushing indexed international ETFs. 1/3/+5 years even considering the distributions.
Posted on 3/9/24 at 3:35 pm to SloaneRanger
This is just a matter of which mutual funds and ETFs you actually select. Plan accordingly.
Posted on 3/10/24 at 12:14 am to SquatchDawg
quote:
I use Fidelity because I don’t want to change platforms. Vanguard wrote the book on low cost index funds but Fidelity has them too for any sector you’re interested in.
Ok, thanks!
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