This is a very basic question but I can't seem to crunch the numbers correctly, perhaps I'm slow. I wanted to put $3k into VTSAX but I don't have $3k, I only had $1100 to spare. So I bought five shares of the ETF equivalent (VTI) instead. In about a month I'll have my extra $2k to invest, what if I keep buying VTI, then when the total value hits $3k, sell and roll the money into the minimum ($3k) investment for VTSAX?
Am I giving up any potential gains? I guess I'll have to pay the fees (expense ratio?) and short term capital gains when I sell the VTI to roll into VTSAX (I'm in the 22% federal bracket).
Or would it be better to let the funds sit in money market until I accumulate the necessary $3k then jump right into VTSAX (assuming the price stays the same/rises slowly over the next few weeks.) Thanks!
Submitted March 14, 2021 at 01:21PM by fizzle63 https://ift.tt/2OlUE5z
