What is the minimum amount needed to invest in vanguard?
If I throw in $2000 today and a further $500 every month from now, would that be viable or not worth the time/not as efficient as another method?
I'm in my early 20's and want to start as soon as possible, completely dedicated to the long term
3k to open a vanguard brokerage account.
0$, you can buy ETFs
Okay, different scenario: I throw in $3k this week to open an account with the minimum and $500 each month thereafter. A 50/50 stocks to bonds/etfs is probably what im thinking of aiming for due to the low income bracket I reside in
>>1101781
Probably put less in bonds, like 10 percent since you're young
I'd throw in 10-15 percent into commodities like gold, oil, lumber, silver
The rest into ETFS, stocks and index funds (when affordable)
>>1101781
Just put it all in VOO until you have enough money to matter. Say 10k, then you can start getting into lazy portfolios and other stuff.
>>1101816
Thanks guys, ill definitely keep it in mind but will be sure to do some more research before committing to anything. I appreciate it
For retirement shit, $1000 gets you a target fund, $3000 gets you any of their mutual funds ,and $10,000 gets your admiral funds with .05% fees
