M1 Finance vs. Vanguard – Summary and Conclusion. I am going to move my money from Primerica; one of the things I hated most about them was that there was never a document or place to see, line for line, how my money was moved, specifically with regards to the 'sales charge' they applied when money is invested (instead of having a line that said 'Sales Chage = $xxx.xx,' sales charge was just rolled into the price of the mutual fund purchase. worry about keeping all your money invested apart from a couple of months of expenses. It does not do a glide-slope as you get older, but I want to keep that fixed allocation until around 35-40, and then go more conservative yearly from there. So, if lower fees is a fair trade-off for a slightly less functional and less aesthetically pleasing website, you should go with Vanguard. It depends on what you value more: experience, cost or unique offerings. Transfer an account. I have 2 different funds I'm investing with at vanguard. Hello r/personalfinance, I'm currently a college student, and plan to put around $6000-$9000 into whichever plan is recommended, and only plan to add more at the end of next summer, or earlier if I get an on campus job.I was planning on putting it all into Vanguard Total Stock Market Index Fund (VTSMX), and have it switch over to the Admiral version whenever it reaches 10k. This subreddit is not a source of regulated financial advice, posters may not be qualified in any way. This isn't an easy question. They're largely the cheapest because of their ownership model (well, that and economies of scale). Treat any information, recommendations or "advice" that you read here with caution and always do your own research. Alright, let’s dive in – below are the best Reddit personal finance communities to check out. The difference between 1.2% and 0.05% sounds small but over 30-70 years (up to and thru retirement/old age) the difference is massive. Vanguard has an older site, poorly laid out, and needs work. 14 Best Personal Finance Subreddits 1. r/PersonalFinance. The Total Stock Index Fund is also popular and very good. I know you also think they are good, but what makes Vanguard #1? However, all of the stuff they're missing that Fidelity has.. can be found for free on the internet with about 10 seconds of googling. Join our community, read the PF Wiki, and get on top of your finances! They have no incentive to raise prices on their funds or work hard on advertising the more expensive options, because the 'shareholders' they're trying to please are the owners of the funds themselves, rather than a third party to the transaction. So if maximizing your money penny for dollar is your goal then you can't beat Vanguard. Join our community, read the PF Wiki, and get on top of your finances! If you know what you want and won't be persuaded by the marketing, then you can just choose the place whose funds you like best, or whose website you like best, or whatever. Any additional assets should be invested in high growth portfolio which will likely maximize your return in 4+ years horizon. Lazy investor sounds kind of my cup of tea. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Fidelity has similarly given good CS to my parents. The Vanguard Total International Stock ETF (VXUS) is the most popular broad international stock ETF, and for good reason. I am not a financial advisor, portfolio manager, or accountant. Me: why this plan? It was int'l equities. The broker has zero transaction fees and zero account fees, and offers fractional shares, dynamic rebalancing, and a modern, user-friendly interface and mobile app. I would recommend that you stick to ETFs or Mutual funds at Vanguard. Focus on low-cost Vanguard ETFs® and mutual funds, and enjoy the freedom to choose other types of investments. Edit: Apparently I don't have the ability to read the words behind the 40%. I input the most aggressive data possible on every single question and I got matched to 60% stock and 40% bond. Note that Vanguard Total Stock Market fund has the exact same contents as the ETF. Your text might contain incorrectly formatted list(s). My spouse holds Vanguard funds through a 403B managed by Fidelity. I currently hold a four fund blend: VTSAX, VFWAX, VICSX, & VSIAX. I was offered the first three months for free with PC, and took advantage of the opportunity. Vanguard has an older site, poorly laid out, and needs work. The extra gimmicks Fidelity has on their site by and large aren't worth their higher fees IMO. Yes, Fidelity and Schwab have index fund options that are comparable in cost, but it's not the focus of their marketing. Vanguard has a few more account types than M1 Finance, notably Solo 401(k), SIMPLE IRA, custodial, and 529. You need to identify a mutual fund, like VFIAX or VTSAX, or an ETF, like VOO, or some stocks that you believe are going to appreciate in value due to their business, like Starbucks because you drink coffee and believe in Pumpkin spice lattes. It's therefore not surprising to see an ETF that aims to offer exposure to the entire U.S. stock market at the top of the list. There's basically two common approaches for the "lazy" investor: Target Date Retirement Fund, a "set-it-and-forget-it" fund that automatically adjusts as you get closer to retirement.. A 3-4 fund portfolio that invests in broad segments of the stock and bond markets. There's basically two common approaches for the "lazy" investor: Target Date Retirement Fund, a "set-it-and-forget-it" fund that automatically adjusts as you get closer to retirement.
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