I have $10K I'd like to put into two mutual funds...Vanguard's VTSMX ($7k) and Vanguard's VGTSX ($3K). Furthermore, I like to make monthly automatic investments of $500 into each of them. These would not be tax deferred accounts.
This is my first venture into mutual funds. I am relatively conservative which is why I am choosing the index funds, but would entertain other options.
Also, would I be better off opening a brokerage account with TDameritrade, Schwab, etc or just invest soley with Vanguard?
Is this a wise move? I am semi-retired at 55 and can afford these amounts.
Thanks!
Ron
Answer Thank you for your query. You may want to talk with your tax advisor and a duly licensed representative. I am unable to furnish you with investment advice. You may want to make sure that your tax issues are also covvered. No load means no help. If you do not have a rep, you may want to make sure you find a seasoned one that will ve there for you and won't change companies. Good luck!
