I'm looking to get started, was wondering how it is? How easy to use? Pretty much a noob
Very easy to use once you start the process. The site isn't full of bells and whistles like some others, but if you are with Vanguard then you probably don't need a lot of those anyways.
The sticking point for many (unless this has changed) is that you need a "sweep" account (where the cash for your buys and sells come and go) and a "brokerage" account which holds your securities.
This is basically set up automatic as you do account creation, but what it means to you is when setting up the sweep account (money market), you'll need $3,000 to open it. After that its all good, you can buy ETFs with no minimum initial investment and you can drain that sweep money market account down to basically zero with no consequence. Its just that initial 3k hurdle.
Do you guys have a 401(k) along with your IRAs?
100% match up to first 3% and 50% match up to 5%. The selections suck but doubling your money automatically is sweet.
This post was edited on 3/28 at 10:02 am