I currently use Vanguard services for my IRAs. I would like to invest in a particular mutual fund they offer that requires 10k starting investment. I would like to set up automatic monthly contributions to another account until I have achieved the 10k starting requirement for my selected mutual fund. My question is what type of account would make the most sense to do this in order to make the transfer later as simple and cost effective as possible. If it is relevant I expect the monthly contribution to be around $500. It may also be relevant that I am a complete investing novice and learning as I go so simplicity is a concern.
Submitted May 07, 2017 at 07:24PM by MrJasonBrown http://ift.tt/2poYxoh
