Just got my brokerage acct set up. Thinking of throwing about $2000 in a Vanguard index fund. Probably VOO. Anything I should know/consider before doing so? Pretty new to investing. Thanks in advance

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For the love of God, Dollar. Cost. Average

Dumped $3.5k into account in late February over 2 days because I didn't want to miss out. And boy, am I glad that I don't need that money for at least 5 years

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But yea.. I’m doing ~$500 increments

There is a big possibility that it will turn into $4k in 5 years. How much if a difference will that make in your life?

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I’d plan to contribute to it monthly over the next several years. Not just a onetime investment

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Can’t go wrong with VOO in the long run.

Add $500 to it each paycheck or each month. Reinvest dividends. Win.

Definitely “safer” than picking individual stocks.

It’s not without its risks as it’s 100% equities, but over several years and by adding in regular intervals, it’s a great approach.

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Is VOO better than FXAIX?

Most all will. The question is how much. VOO’s is 0.03%, and the average expense ratio for similar funds is 0.93%.

.03% is low (as Vanguard’s usually are). For perspective, that’s $71 for $10,000 invested over 10 years, compared to $2,112 for 0.93%.

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