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Investing in mutual funds

Posted on 3/8/24 at 7:43 pm
Posted by LCboi
Member since Mar 2015
231 posts
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 by SG_Geaux
Beautiful St George
Member since Aug 2004
77945 posts
Posted on 3/8/24 at 7:45 pm to
Something Vanguard
Posted by TJack
BR
Member since Dec 2018
1292 posts
Posted on 3/8/24 at 8:24 pm to
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.
This post was edited on 3/8/24 at 8:27 pm
Posted by slackster
Houston
Member since Mar 2009
84753 posts
Posted on 3/8/24 at 8:34 pm to
Vanguard and others also have cheap professionally managed mutual funds too.
Posted by lynxcat
Member since Jan 2008
24135 posts
Posted on 3/8/24 at 9:06 pm to
VTI or SCHB
Posted by LCboi
Member since Mar 2015
231 posts
Posted on 3/8/24 at 9:47 pm to
Thanks. Vanguard and SCHB are the two I researched. I'll open both accounts.
Posted by NATidefan
Two hours North of Birmingham
Member since Dec 2008
35992 posts
Posted on 3/9/24 at 1:33 am to
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.
Posted by bobdylan
Cankton
Member since Aug 2018
1530 posts
Posted on 3/9/24 at 5:37 am to
Taxable account I mostly keep investing in VTSAX.

Posted by GEAUXT
Member since Nov 2007
29225 posts
Posted on 3/9/24 at 7:25 am to
quote:

Vanguard and SCHB are the two I researched. I'll open both accounts.


No reason to open both. One or the other
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
14164 posts
Posted on 3/9/24 at 8:18 am to
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 by lynxcat
Member since Jan 2008
24135 posts
Posted on 3/9/24 at 8:43 am to
This. Just one account.
Posted by DVinBR
Member since Jan 2013
12964 posts
Posted on 3/9/24 at 11:21 am to
FXAIX or VFIAX or any other fidelity/vanguard 500 funds
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7659 posts
Posted on 3/9/24 at 11:27 am to
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 by LSUcam7
FL
Member since Sep 2016
7903 posts
Posted on 3/9/24 at 11:44 am to
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 by LCboi
Member since Mar 2015
231 posts
Posted on 3/9/24 at 2:24 pm to
Will Do. Thanks.
Posted by lynxcat
Member since Jan 2008
24135 posts
Posted on 3/9/24 at 3:35 pm to
This is just a matter of which mutual funds and ETFs you actually select. Plan accordingly.
Posted by NATidefan
Two hours North of Birmingham
Member since Dec 2008
35992 posts
Posted on 3/10/24 at 12:14 am to
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!
Posted by geauxpurple
New Orleans
Member since Jul 2014
12283 posts
Posted on 3/10/24 at 2:35 pm to
Vanguard Total Stock Market.
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