Vanguard Funds
Alright so stocks, I'm beginning to understand a little bit, or more I'm forced to.
My Mom just let me know we'd be closing out my current Vanguard Index 500 Fund (VFINX) to use for college this year. Though this is a little frustrating since I wasn't expecting it, it is fair and what's more, I've already got $1000 in a Vanguard Target Retirement 2045 Fund (VTIVX) which I transferred from the 500 six months ago. This whole thing gives me the opporunity to begin researching a new fund as my ING Direct balance continues to grow steadily with weekly deposits of $16 (give or take a few wily credit card payments here and there).
So at the moment, I'm thinking of investing in either an Emerging Markets or an S&P Index fund. I know the S&P would be more reliable, but other world economies are growing so quickly in relation to the US and, given the housing market situation, we can only really go down from here. At some point I hope to obtain both funds, but I'm just not sure which to start with now. Decisions, decisions, decisions...
My Mom just let me know we'd be closing out my current Vanguard Index 500 Fund (VFINX) to use for college this year. Though this is a little frustrating since I wasn't expecting it, it is fair and what's more, I've already got $1000 in a Vanguard Target Retirement 2045 Fund (VTIVX) which I transferred from the 500 six months ago. This whole thing gives me the opporunity to begin researching a new fund as my ING Direct balance continues to grow steadily with weekly deposits of $16 (give or take a few wily credit card payments here and there).
So at the moment, I'm thinking of investing in either an Emerging Markets or an S&P Index fund. I know the S&P would be more reliable, but other world economies are growing so quickly in relation to the US and, given the housing market situation, we can only really go down from here. At some point I hope to obtain both funds, but I'm just not sure which to start with now. Decisions, decisions, decisions...
posted by Ashley at 2:24 AM
1 Comments:
I would go with either an emerging markets fund or an international fund. If you are going to use Vanguard, use their funds. If you are going to buy through a brokerage, go with an exchange-traded fund.
I think it is really cool that you are thinking about this stuff while you are still in college!
JLP
AllThingsFinancial - I have been blogging about personal finance since October, 2004.
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