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Starting to invest with Vanguard

Posted on 5/28/16 at 12:03 am
Posted by meeple
Carcassonne
Member since May 2011
9341 posts
Posted on 5/28/16 at 12:03 am
I've read many topics here regarding the specific funds, so I think I'm good to go with that. Should I start with the $1,000 minimum investment funds, and once I get enough in these accounts transfer ALL of the balances over to the $3,000 minimum investment funds, and on up to Admiral shares from there? Or do I need to keep some or all of my balances in the lower minimum investment funds, and just save up to buy into the higher investment funds separately?

Would it be setting me back by selling once my balances are so high and buying into other funds that I wouldn't have been able to from the start?
This post was edited on 5/28/16 at 12:16 am
Posted by Volvagia
Fort Worth
Member since Mar 2006
51895 posts
Posted on 5/28/16 at 12:41 am to
A LOT of variables here.



For instance, how long are we talking you potientially being in the 1000 dollar fund before being able to "graduate" to another one.


Making a LOT of assumptions here, but given what you have said, I would recommend you just throwing money into STAR and make it your core holding and build form that.
This post was edited on 5/28/16 at 12:41 am
Posted by lsufan1971
Zachary
Member since Nov 2003
18119 posts
Posted on 5/28/16 at 7:10 am to
First question is this a tax deferred account or taxable?
Posted by cfa626
Member since Apr 2016
561 posts
Posted on 5/28/16 at 12:19 pm to
I've never invested so I'm curious as to how long it takes to turn 1k into 3k?
Posted by Spec1
Lost but making good time
Member since Jan 2015
1983 posts
Posted on 5/28/16 at 6:36 pm to
LINK

Start reading here.
Posted by meeple
Carcassonne
Member since May 2011
9341 posts
Posted on 5/29/16 at 1:48 am to
quote:

For instance, how long are we talking you potientially being in the 1000 dollar fund before being able to "graduate" to another one.

I'm looking at putting in around $250 to $500 a month, so less than a year. This would be a Roth IRA.

Posted by hombreman9
USA
Member since Feb 2009
3781 posts
Posted on 5/29/16 at 5:51 am to
I just put it in the target retirement fund until I had enough to break it down in to other equities.
Posted by Sigma
Fairhope, AL
Member since Dec 2005
3643 posts
Posted on 5/30/16 at 1:57 pm to
quote:

fund until I had enough to break it down in to other equities.


Even then, there's really no need to. Vanguard's target date funds are tough to beat.
Posted by Spankum
Miss-sippi
Member since Jan 2007
55979 posts
Posted on 5/30/16 at 7:42 pm to
You are out-thinking this...just drop your money into an index fund that mirrors the US stock market and let it rise as the economy grows.
Posted by meeple
Carcassonne
Member since May 2011
9341 posts
Posted on 5/30/16 at 8:49 pm to
So once I save the minimum amount required to invest, drop it in and then save up for another one until I have a few? Then divide up my monthly contributions between these funds after that ?
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