Last year I put about 5k into Vanguard S&P500 admiral shares index fund. Throughout last year I set aside money monthly as I read here that putting a lump sum money is better than Dollar Cost Averaging. I bought the shares at $256 and it’s now $300.
I am wondering if people put more money annually to gain more shares and profit for an index fund or it’s a one time payment and then. “fire and forget”?
I will be putting down $1200 dollars. I am wondering if that’s not worth it since the price of the share is so high at $300. If so then do I look for another low priced index fund or I stick with my initial 5k till I pull it out for retirement? I want the investment to grow and hoping I can pull out like $ 200k in 30 years when I retire.
Thank you
Submitted January 09, 2020 at 07:55PM by sechumatheist https://ift.tt/36FfaSv
