A final consideration is the minimum investment required. The VFIAX fund requires a minimum investment of $3,000, while SPY ETFs can be bought with fractional shares for as little as $1.00's worth, in theory.1As a result, SPY may be more suitable to smaller retail investors who only want...
Ramji inherited a firm that is succeeding in many ways. Recent fund launches fit the low-cost Vanguard mold, and it cut the minimum investment for its popular robo-advisor platform to just USD 100 from USD 3,000. Investor-friendly efforts like those are part of the reason Vanguard hasn’t...
Deferred loadN/A Max. redemption feeN/A Total expense ratio0.04% 12 b-10% Turnover2% Risk Measures Alpha0.00 Beta1.00 Standard deviation4.99 R. squared1.00 Min. Investment Standard (taxable)$3,000 IRAN/A Lipper Ranking & Performance
This has a real-world impact on your cost. Investment brokers may charge you on the initial purchase or sale of a mutual fund (but not adding additional shares). With ETFs, you arepotentiallycharged each time you buy or sell shares. This is a key distinction if your investment broker is ...