Have a question about your personal investments? No matter how simple or complex, you can ask it here.
- Posts: 64
- Joined: Mon Dec 24, 2018 12:16 am
One of my coworkers wants to open his first taxable account at vanguard wilh $1,700. He doesn't have a 3K to buy VTSAX.He is thinking to start with vanguard STAR fund or one of vanguard balanced funds. His goal is to save money to buy vtsax. Is it a good idea? Any recommendations?
- Posts: 3294
- Joined: Thu Jul 23, 2020 12:04 am
- Posts: 3750
- Joined: Mon Jun 03, 2019 1:43 pm
000 wrote: ↑Fri Sep 18, 2020 8:02 pm
Use an ETF.
+1, buy VTI and chill.
- Posts: 10562
- Joined: Thu Aug 18, 2011 8:09 pm
If a mutual fund is desired, use something like TR2065. It is 90% stock and will stay that way for 20 years.
Or just wait to have $3k saved up. It won’t matter in the long term.