I just put a few thousand dollars into a Vanguard account and I'm having trouble figuring out specifically what to invest in. I initially wanted to invest into an S & P 500 index fund but quickly realised how many there were along with ETFs as well. So I decided that ultimately I don't really know what I am doing and took a look at their retirement packages put together for people like me.
The one their website suggested after a brief questionnaire was the "Vanguard Target Retirement 2055 Fund (VFFVX)". It has an expense ratio of 0.15% compared to the 0.04% on the S & P 500 ETF that I was looking at. This is more expensive but I have a feeling that the expense may be worth it due to the seemingly thorough management of the Vanguard fund. Would I be correct in this assumption assuming my experience in investing? I really just want something that I can dump money into that I can watch grow until I retire. Are there better options with just as little hasstle?
Submitted January 28, 2018 at 10:30AM by HaloFarts http://ift.tt/2rLSpMB
