mrnewengland
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Joined: Apr 18, 2014 14:04:15 GMT -5
Posts: 100
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Post by mrnewengland on Sept 22, 2014 8:55:38 GMT -5
... but I couldn't figure out how. So I'll make a thread and get everyone's opinion:
In Phil's posts he always recommends putting money into an S&P500 index fund and most of the time recommends Vanguard's VFINX fund. I had already bought Vanguard's VOO fund and have been contributing to it as well.
I was wondering why Phil chose one over the other (there are lots of choices). VOO has a lower expense ration and that's why I originally chose it. BUT... if there's a reason VFINX is superior I am all ears.
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ArchietheDragon
Junior Associate
Joined: Jul 7, 2014 14:29:23 GMT -5
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Post by ArchietheDragon on Sept 22, 2014 9:00:59 GMT -5
One is a mutual fund and one is an Exchange traded fund. VOO looks great.
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bean29
Senior Associate
Joined: Dec 19, 2010 22:26:57 GMT -5
Posts: 10,278 
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Post by bean29 on Sept 22, 2014 9:09:34 GMT -5
Well, I am in VFIAX (Vanguard 500 Index Fund Admiral Shares) and VTSAX (Vanguard Total Stock MarketIndex Fund Amiral Shares) and VBTLXX (Vanguard Total Bond Market Index Fund Admiral Shares).
I had a little help from some contributors here to select my investments. I originaly was just in S&P 500 fund and Total Stock Market Fund, but then I decided that going against conventional advice had burned me in the past, so I added the bond funds to my investments.
I want to move my Fidelity Target Retirement Fund over to Vanguard and invest it in a Dividend paying stock fund.
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mrnewengland
Junior Member
Joined: Apr 18, 2014 14:04:15 GMT -5
Posts: 100
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Post by mrnewengland on Sept 22, 2014 12:56:31 GMT -5
One is a mutual fund and one is an Exchange traded fund. VOO looks great. Thanks for the reply. It's just crazy to me how many different funds there are that basically would be bought for the same reason. |
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