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re: Thoughts on VFINX? - I Never See it Recommended
Posted on 5/21/15 at 9:57 am to StringedInstruments
Posted on 5/21/15 at 9:57 am to StringedInstruments
It's just Vanguard's S&P 500 Index fund. There isn't much to bring up.
A lot of people mention VTSMX. The only difference is VTSMX is a "total stock market" index fund whereas VFINX just tracks the S&P 500. Nothing wrong with it. Same basic strategy, and very similar expected results.
ETA:
no, you opened an account. But I know what you mean. 
No, assuming you are planning on holding for a while, just leave it in VFINX, keep contributing and let it ride. If your balance gets over $10k, talk to Vanguard about switching to VFIAX (basically the same exact fund but admiral shares so lower expense). I can't remember if they automatically upgrade you to the admiral shares or if you have to exchange it. Either way, its free and easy and cheaper in the long run (although VFINX is already cheap)
A lot of people mention VTSMX. The only difference is VTSMX is a "total stock market" index fund whereas VFINX just tracks the S&P 500. Nothing wrong with it. Same basic strategy, and very similar expected results.
ETA:
quote:
I started a Vanguard ETF last October
no, you opened an account. But I know what you mean. quote:
Should I switch to something else?
No, assuming you are planning on holding for a while, just leave it in VFINX, keep contributing and let it ride. If your balance gets over $10k, talk to Vanguard about switching to VFIAX (basically the same exact fund but admiral shares so lower expense). I can't remember if they automatically upgrade you to the admiral shares or if you have to exchange it. Either way, its free and easy and cheaper in the long run (although VFINX is already cheap)
This post was edited on 5/21/15 at 10:02 am
1
Posted on 5/21/15 at 10:52 am to kennypowers816
quote:
I can't remember if they automatically upgrade you to the admiral shares or if you have to exchange it. Either way, its free and easy and cheaper in the long run (although VFINX is already cheap)
They don't. You have to exchange them yourself.
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