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Either is good for a "set it & forget it". Kudos for you to initiate doing this. You'll look back in 25 years and wish you did more.
Chief
VTI
Chief
Closer to “buying the haystack”
It’s a coin flip. Both excellent options. Just set it and forget it. One may perform better over short period but may be followed by the other fund doing better over the next couple years. Overall VTI is more diversified in terms of total holdings (VTI~3,861 stocks. VOO~500 stocks). Expense ratio I believe is the same for each.
BTCO 💎🤲
VOO and ARKW is what I have my family doing.
In my IRA and 401k I like to look for low expense ratio funds that I would otherwise not have in a regular brokerage account for tax purposes. In a regular brokerage account, a mutual fund that has a high turnover ratio will lead to a yearly tax bill. I liked some
of those funds and moved them to my IRA to avoid that bill.
Do you want to track the entire market or just the biggest 500? Overall their performance is nearly identical with VOO outperforming over the last 10 years by an extra 20 percentage points. Either is a great tool for building wealth with a set and forget mind set
Thanks for the input everyone! Went VTI for this!