Hello
I would like to create a Vanguard taxable brokerage account. I only have $100 to move in as of today. Can I move this $100 into the settlement fund, or do I need $3K as an initial minimum? My confusion arises because, according to the website, investing directly into VMFXX requires $3K. However, if I transfer cash in (and by default it goes into the settlement fund), do I still need to move $3K in?
Thank you
Creating Vanguard Account - is there a min investment to move $ into settlement (VMFXX)?
Re: Creating Vanguard Account - is there a min investment to move $ into settlement (VMFXX)?
No minimum for the settlement fund. $100 is fine.
See:
See:
source: https://investor.vanguard.com/investmen ... ey-markets"Is there a minimum investment amount for Vanguard money market funds?
...The Vanguard Federal Money Market Fund tied to your brokerage settlement fund has no minimum initial investment amount."