Well long term, I would prefer to have a percentage doing both. I want to be fairly hands off with most and somewhat hands on with some... Should I open accounts with separate services at some point?

quote:
You don’t have enough to have multiple funds, so if you want multiple, go with ETFs. Drawback there is you can’t have a scheduled investment (that is automatic).

So, buy the ETF’s now and down the road after I’ve built it to say 10k (just a generic number), move to a different set of funds? Or buy one index fund up to 5k, then buy another to 5k, and so on?

This post was edited on 3/11/20 at 3:37 pm

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Posted by Boring

Member since Feb 2019

3792 posts

Posted on 3/11/20 at 3:47 pm to prostyleoffensetime

My Roth is with Vanguard and I've been very pleased with them. However, when Fidelity and Schwab both announced their no fee mutual funds back in like mid-2018, I opened brokerage accounts with both and have been funding them after I meet my annual Roth contribution limits. Have had no trouble with any of them, but I've only ever used Vanguard's customer service which was beyond excellent.

I know there's genius in simplicity, but sometimes taking advantage of a good deal/product is worth doing. Think of it like diversification in a way, I guess. Now the race to the bottom is on though and I think everyone is or will soon start offering some of those no fee funds. In any case, it's a great time to be a "main street" investor

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Posted by TigerDeBaiter

Member since Dec 2010

10268 posts

Posted on 3/11/20 at 8:00 pm to prostyleoffensetime

quote:
Well long term, I would prefer to have a percentage doing both. I want to be fairly hands off with most and somewhat hands on with some... Should I open accounts with separate services at some point?

At some point, probably, but you should start simple. Buy one or maybe two ETFs.

quote:
So, buy the ETF’s now and down the road after I’ve built it to say 10k (just a generic number), move to a different set of funds? Or buy one index fund up to 5k, then buy another to 5k, and so on?

I believe you can convert mutual funds to etfs with vanguard, but not the other way around. If it’s in a non taxable account you could just sell the fund and then buy and etf. No big deal.

Or just keep the etfs. The only benefit to the mutual funds is the ability to set up automatic investment. For example, you tell vanguard I want to max out your Roth and what the frequency is (weekly, monthly, etc) and they do the math and it’s automatic. To my knowledge you can’t do that buying etfs.

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