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VTSMX - Vanguard questions
Posted on 1/20/16 at 1:35 pm
Posted on 1/20/16 at 1:35 pm
Do I create an account with Vangaurd?
IF not, where should I get started with creating an account? It seems so weird you just create an account online then get it approved to deposit money into it.
IF not, where should I get started with creating an account? It seems so weird you just create an account online then get it approved to deposit money into it.
This post was edited on 1/21/16 at 8:51 am
2
Posted on 1/20/16 at 1:38 pm to LSUvegasbombed
VTSMX then vtsax when you can
Posted on 1/20/16 at 2:50 pm to LSUvegasbombed
VTSMX or XOM reinvesting dividends
Posted on 1/20/16 at 2:54 pm to TigerTatorTots
quote:
VTSMX
so you have to have 10K minimum?
Posted on 1/20/16 at 3:03 pm to LSUvegasbombed
3k minimum
Posted on 1/20/16 at 3:06 pm to LSUvegasbombed
Posted on 1/20/16 at 4:01 pm to weskarl
so what kind of yearly dividends are we talking... $500.00 give or take?
This post was edited on 1/20/16 at 4:08 pm
Posted on 1/21/16 at 8:38 am to jimbeam
quote:
VTSMX
do I just make an account with them and deposit money into it?
how does it work?
Posted on 1/21/16 at 9:38 am to LSUvegasbombed
Go as far as you can online and if get stuck give them a call. If the money is with another broker, call them and have them deal with the transfer.
Posted on 1/21/16 at 10:11 am to LSUvegasbombed
VTSMX is around a 1.9% dividend, but it fluctuates
Posted on 1/21/16 at 10:26 am to stonerolledaway
It's incredibly easy to open accounts with Vanguard. Just follow the "open an account" link. You can't screw it up.
Posted on 1/21/16 at 10:37 am to TigerTatorTots
Index funds are designed to be tax efficient, with TAXABLE dividends minimized. Less than 2% is common.
This doesn't mean you're missing out on the dividends of all the underlying companies, but the fund manager offsets capital gains, earnings and dividends with losses as companies move on/off the index during the year.
The small dividend payout is a good thing for tax efficiency, while still capturing all 3 aspects of a funds growth (share price appreciation, earnings growth and reinvested dividends).
This is an oversimplified answer, check out Vanguard's site, any of Jack Bogle's or Burton Malkiel's books. "The Index Fund Solution" is a great read for more details on index investing.
This doesn't mean you're missing out on the dividends of all the underlying companies, but the fund manager offsets capital gains, earnings and dividends with losses as companies move on/off the index during the year.
The small dividend payout is a good thing for tax efficiency, while still capturing all 3 aspects of a funds growth (share price appreciation, earnings growth and reinvested dividends).
This is an oversimplified answer, check out Vanguard's site, any of Jack Bogle's or Burton Malkiel's books. "The Index Fund Solution" is a great read for more details on index investing.
Posted on 1/21/16 at 12:58 pm to GoIrish02
Posted on 1/21/16 at 1:21 pm to jmtigers
Would you recommend adding to the principal on a monthly basis.. say like $100.00 - $200.00 per month?
Posted on 1/21/16 at 1:39 pm to LSUvegasbombed
Deposit the lump sum in Prime Money Market, set up an automatic exchange into your set allocation of the same amount on the same day each month/quarter.
Keep adding lump sums to money market when you can, repeat for 40 years, collect millions.
Keep adding lump sums to money market when you can, repeat for 40 years, collect millions.
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