I just opened a vanguard taxable brokerage account since I have there my IRAs accounts..I would like to invest small amounts but it looks like I can not buy fractional shares…is this correct or am I missing any? Thanks!

like
Posting as :
works at
You are currently posting as works at

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

like

VFIAX is the same as VOO, just as a mutual fund too, depending on which one you want to invest in. The perform similar.

like

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.

likesmart

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

Yes, for example vti…okay I will check Fidelity, thanks.

Just buy VOO and never look at it.

Correct, they’re essentially the same thing.

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.

Thank you ao much for sharing, appreciate it!!

Related Posts

How to invest in Direct Growth Funds? I've created a CAN ID using MF Utilities. It asks me to login and proceed but I don't have my login ID generated. Should I wait for more time as my CAN ID was approved only yesterday?

like

KEC International looks good to buy around 350 levels

like

Hello Guys,
Which is better to opt - New tax regime or old?

like

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like

Can your 401k money be shown as proof of funds for your Canadian immigration application? The full amount or part amount?

What are y’all’s thoughts/experiences with Fundrise? Don’t have much cash to buy real estate, but the returns they boast seem on par with less work. It’s not liquid so thinking abt 5 yrs for down pmt?

What does everyone think of the current Austin housing market? Looks like prices are finally starting to come down a good bit (not that that means much in terms of monthly payments bc of interest rates). Do we think we’ll see a steady decline going into 2023? Looking to buy sometime in the near future.

like

An opportunity has presented itself to acquire a book/firm. Here are the details: 40 clients, average household is 675k, all fee based generating around 340k last year. Owner wants 800k. Thoughts?

like

Is there any chance I can work as an European (resident in Spain) for a US/Canadian company? Wouldn’t mind going through the hassle of doing my own taxes, as for what I know I can get much better (net) income working for an American company vs for an European company.

like

Due date for filing IT returns is tomorrow.

DM me if you want a CA's advise and assistance in filing Income Tax returns.

~Nominal charges involved

Any one have other Dallas based sources of income? Tips?

like

100% return on Square (SQ) in one month. Don’t touch it, or sell half and let it ride?

like

Hi folks,new to tax deduction... Pls help.

My yearly income (post standard deduction+ 1.5 lacs 80c investment) is 650,000. (April 21- march 22).

I will also receive 2,00,000 joining bonus this month end.

Total income: 6.5 lacs + 2 lacs

Question:
1. Will 10% taxes(as per old regime slab) be deducted on 6.5 lacs and flat 30% be deducted on joining bonus?
Or
Only 10% Tax will be deducted on 8.5 lacs(6.5 + 2 lacs jb)?

2. Need suggestion to save tax on the above numbers.

Thanks

like

Highest paying city for realtors?

like

What’s everyone’s take on the current status of bitcoin and dogecoin? Hold or sell?

like

How much money do you keep in your operations account and what are your monthly hard costs?

like

Should I throw my entire $6k of Backdoor Roth contributions into VTI or DCA in case of market downturn (ex: $2k per month)?

like

I’m putting my money into VT instead of VTI VXUS bc I really really don’t want to rebalance and want to be hands off. I did research on the tradeoff which was miniscule depending on what the individual wants.

I’m still concerned I’m making a mistake in terms of reaching FIRE even though I max everything I can. Thoughts?
Serious answers only please. I’m just 1 full year into this after some sporadic investments earlier in VTI and VOO. TIA

like

Any good recommendations on financial entities to approach for a pre approval ? First time home buyer with credit score in 770’s looking to buy property in $600k range. Still learning the ropes and not sure what a good deal looks like. Thanks in advance folks

like

I work with small business retirement plans and the profitability of different companies is amazing to me.
I have a small dog food company and a local flower shop, each with 2 owners, who max out their 401k every year for both owners, plus 25% profit share.
Who knew there was that much money there?

like

More Posts

Has anyone figured out how to “automate” the switching on/off of heaters in NY apartments?
I am new to US/NY and it’s the first time I see these room heaters (photo). I want my heater to turn on/off at certain times of the day without me having to manually twist the switch. Basically do the work that a thermostat would usually do.

How do you all automate your heating? (Browsed online but can’t find anything…)

Post Photo
likefunny

Hi All,
I am looking for job opportunities in Germany/ Netherlands or in UK.
I have 6 years of experience in Automation testing using selenium, cucumber and backend testing.
Can some one please help me in referring?

like

Cuff links suggestions?

like

How much Python and SQL should I know as a data analyst for someone who has 3 YOE ?

Got an offer from indegene for product manager . 22 lpa would like to know about work life balance.

like

I’m considering an independent self-paced curriculum for my 5th & 6th grade math classes next year. Does anyone have a recommendation, something tried & true?

Design creative banner ads for google ads.

Post Photo
like

My recruiter asked me if I am still good to join on the start date within 2 week. I received RFE for transfer and lawyer informed recruiter to push back the joining date. Worried about the D job offer

like

Help! Anyone thrown a virtual baby shower for a colleague before? I work on a small, but mighty team and one of my peers is 30 weeks pregnant. I’d like to throw her a surprise baby shower. Any suggestions, tips, advice is welcome. Please be as specific as possible. Looking to do this during the first week of June. 😬

like

Can anyone attest to utilizing couples therapy and if it worked for you and your partner?
My current partner and I have been together almost 5 years, not married or engaged, but since moving in with each other (going on 2 years) we frequently have petty arguments about cleaning, food prep, etc. Just basic stuff when it comes to maintaining a home. Outside of that, the relationship is great.

like

Got a Dubai Strategy& Senior Associate interview next week - anyone has tips/recommendations or things I should look out for? Maybe things that are different from the US.

like

Is it true that Amdocs allows Indian employees to work in US time and pays them more in dollars?

funny

What are the perks in PWC?

like

I got admitted to hospital since I was unwell. How can I apply for cashless medical claims as I downloaded one form from general medical insurance plan. Can someone suggest me

like

I’m an economics major graduating this fall and I’m looking into data analyst roles. I’m also looking for part-time, preferably remote DA internships, or FT co-ops, for the fall. I have a 3.2 cumulative GPA and have no interest in further schooling. I’m thinking of starting out as an analyst and working my way to up to data scientist. Since DS is expanding so rapidly, how likely am I to be successful? Any tips on how I can improve my resume for data analyst jobs or internships?

Post Photo
like

How do I ask an recruiter for either an earlier interview time or faster processing. I’m currently in the process of recruiting for a few consulting firms (1 Big4, 2 Big3). I received an offer already and am deep in the process for one of the other firms. However, the firm I really am interested to work in has me scheduled for a interview basically when my other 2 offers (if I get the second one) would explode. How should I go about this?

like
like

How much to expect in comp for a PM role? SaaS startup, Series D, 2YOE

like

How much TCS pay for Poland Onsite for C3A grade?

like

Additional Posts in Personal Investment Chatter

Has anyone setup custodian accounts for their kids? Are they worth it? Who do you set it up with?

like

Crypto investors — with all trades being taxable, what are some things you’re doing now to help with taxes on big gains that were invested less than a year.

like

How reliable/accurate have you found SmartAsset (or other online tax calculators)? If there’s another calculator you prefer, please let me know!

like

Thoughts on Fundrise?

like

If I move from TX (no state income tax) to NC, can I leave my savings account and brokerage address as TX (to not pay tax on interest and dividends) and update credit card accounts address to NC? Or..

like

What are some non NASDAQ stocks you like? Anything that's been going up recently?

like

Going to get about 80k in bonus at the end of the month. Curious to know where to invest. We are already invested in the market (etfs, qqq, tech stocks), Icurious to know where others are investing in right now other than stocks, crypto and real estate. Looking at long term with medium risk

like

For Roth IRAs you can withdraw principal without penalty after 5 yrs. Is this 5 years after account has been opened, or 5 years age of $ withdrawing. For example, say I opened an account 5 years ago with $1 and yesterday I deposited 4k. Can I withdraw the “new money” at 4k due to age of account or can you only withdraw 5yr old deposits?

like

Question on fees - I just checked my 401(k) and paid $5k in fees over the past year. Am I an idiot, or is that pretty damn high? ~$55k total balance

like

Can Deloitte use WealthFront?

like

When people talk about their saving rate. Is it based on “gross” or “net” income?

like

What security system do you use for your home? What is the average monthly cost? Is TBI security system good? They are asking $35 a month

like

Just started at a new company and can’t contribute to 401k this year. Am I eligible to contribute to a deductible ira or no because I was participating to 401k at my previous employer this year already? If anyone knows good CPA to answer this let me know …

like

I am trying to decide best way to invest about $60K for about 25 years. Should I buy condo ($300K, 10K per year taxes) pay monthly mortgage and rent it out for 25 years and then sell OR invest $60K in an index fund now (S&P, total market, etc.) with monthly contribution equivalent to mortgage and tax (if I were to buy condo to rent) and withdraw at end of 25 years? How would you do the math?

like

What percentage of net income should be monthly mortgage? Is it safe to go till 60% for a couple with 4 month old kid? I am in the Bay Area California, looking to buy a house.

like