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Started By
Message
Difference between VIGAX and VUG?
Posted on 4/16/21 at 8:08 am
Posted on 4/16/21 at 8:08 am
Looks like they're the same thing but one is an ETF and one is a mutual fund. The mutual fund is slightly more expensive to manage by .01%.
Fidelity apparently doesn't let you automatically invest in ETFs but will with mutual funds. I was planning on having an automatic transfer and then manually investing those funds through Fidelity into VUG each month. However it looks like I can do the automatic investment and not have to really touch it at all if I invest in VIGAX.
Basically is there any reason why I shouldn't invest in VIGAX over VUG? They seem to be basically the same thing with a very very slightly higher managing cost. Let me know if there's something I'm missing.
The point of this fund is separate from my retirement. I likely won't be selling stocks very often. Likely down the road from now if I need a boost on a big purchase. Basically this is me just getting more money in the market but in a more flexible way than retirement.
Fidelity apparently doesn't let you automatically invest in ETFs but will with mutual funds. I was planning on having an automatic transfer and then manually investing those funds through Fidelity into VUG each month. However it looks like I can do the automatic investment and not have to really touch it at all if I invest in VIGAX.
Basically is there any reason why I shouldn't invest in VIGAX over VUG? They seem to be basically the same thing with a very very slightly higher managing cost. Let me know if there's something I'm missing.
The point of this fund is separate from my retirement. I likely won't be selling stocks very often. Likely down the road from now if I need a boost on a big purchase. Basically this is me just getting more money in the market but in a more flexible way than retirement.
3
Posted on 4/16/21 at 5:00 pm to jlovel7
With vanguard - a lot of their ETF are a share class of the mutual funds. So they are the same
All I got
All I got
Posted on 4/16/21 at 5:16 pm to jlovel7
quote:
Let me know if there's something I'm missing.
Nope.
Posted on 4/16/21 at 5:16 pm to jlovel7
I think you're spot on. I only invest in VIGAX since it allows automatic monthly purchases. I've bought VUG as well but that was last March when everything was tanking and I was just picking up broad ETFs during the low point.
Posted on 4/16/21 at 8:48 pm to Spirit of Dunson
quote:
I think you're spot on. I only invest in VIGAX since it allows automatic monthly purchases. I've bought VUG as well but that was last March when everything was tanking and I was just picking up broad ETFs during the low point.
Ok I’ll need to build the fund up a little because they have a $2500 minimum but I’ll switch over to that once I hit that number.
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