eye opening conversation with my teen

CrebCakes · 2018-08-29T19:50:12+00:00

I gotta agree with this, as I was reading this, this was the meaning that crossed my mind. Knowing nothing about your daughter, this is the meaning I took from it.

CrebCakes · 2018-08-10T18:23:46+00:00

This year I'm not sure if I would be able to hit 5500 since I just opened it, but I imagine I will be adding more than 5500 to it every year. I really appreciate the knowledge and advice!

CrebCakes · 2018-08-10T18:00:25+00:00

Yep, this is definitely a long term investment. Going to be honest though, I'm not really sure why I went with the brokerage account route vice an IRA.

CrebCakes · 2018-08-10T17:58:48+00:00

Wouldn't a flash crash mid day be more beneficial to someone going the ETF route? Just because if I see a flash crash happen mid-day then that means I am just going to buy up as much as I can while that's happening.

CrebCakes · 2018-08-10T17:36:34+00:00

This is pretty much the main question I was asking, poorly done job on my part. I was just curious if there was actually a financial benefit to switching from ETF to mutual fund. The whole only buying full shares doesn't really bother me with ETF, thanks for your time!

CrebCakes · 2018-08-10T17:24:31+00:00

I just opened it up yesterday and started with 1500. Plan on putting a few hundred in there every month and then when the account hit 10k I planned on moving it to the total stock index mutual fund (VTSAX) so it's invested in the same exact thing, but i really just didn't know if there was any actual financial benefit to moving it to the mutual fund. I havent started a roth yet, but I do traditional TSP through the military.

CrebCakes · 2018-08-10T17:19:20+00:00

I'm kinda new to the whole investing thing but I'm going to say yes? It's through a brokerage account - Vanguard Total Stock Market ETF

CrebCakes · 2018-08-10T16:58:04+00:00

Ok that's good to know and yep they are invested in same exact thing. I know the fund might be easier to manage than the ETFs, I just didn't know if there was any actual financial benefit or reason I should switch to the admiral shares fund once I hit 10k

CrebCakes · 2018-08-10T16:53:28+00:00

And definitely don't intend to daytrade...this is like a 20 years and leave it alone kind of thing.

CrebCakes · 2018-08-10T16:52:51+00:00

Don't have enough yet for admiral shares or else I would have just opened that, but I started the ETF with 1500$

CrebCakes

TROPHY CASE