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I don’t believe vanguard allows fractional shares like Fidelity does. You could just buy VTSAX instead of VTI if you don’t want leftover cash. They are the same fund just one is a mutual fund and the other an ETF
VFIAX is the same as VOO, just as a mutual fund too, depending on which one you want to invest in. The perform similar.
Pro
You can always buy fractional shares of a mutual fund. You'll generally state the dollar amount, and your order will be completed based on the EOD NAV of the fund.
Index funds (VTSAX, FSKAX etc) are a subset of mutual funds. So you can buy fractional shares.
ETFs are the "stock version" of funds. Most platforms won't allow you to buy fractional shares of a stock, or an ETF, except to reinvest dividends.
Chief
After your initial $3000 purchase, I think the minimum is $25.
Assume you are talking about etf or stocks? You can’t buy fractional shares with vanguard. I think fidelity allows it. May want to check
Conversation Starter
Yes, for example vti…okay I will check Fidelity, thanks.
Chief
Just buy VOO and never look at it.
Chief
Correct, they’re essentially the same thing.
Chief
I’m pretty sure that vanguard allows partial share purchases of its mutual funds. I used their mutual funds for years and always just bought a fixed dollar amount. For funds that also have an ETF equivalent Vanguard allows a one way tax free conversion from mutual funds to ETF if you wanted to do that in the future.
Conversation Starter
Thank you ao much for sharing, appreciate it!!