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Have you seen the vanguard ETFs in Robinhood? Would those be just as good as using the funds directly with vanguard?

astrange 9y ago
Yes, better because the minimum is $0 not $10,000. It's not as good as Betterment/Wealthfront/Hedgeable because you can't rebalance, reinvest dividends, or get fractional shares.
- dandud 9y ago
  Important to note that when purchasing ETFs through Vanguard the minimum investment amount is the cost of a single share. No large minimum amounts such as the $3000 or $10000 with their mutual funds.
- tanderson92 9y ago
  You can rebalance and reinvest dividends at Vanguard.
  - Scoundreller 9y ago
    Does the amount of dividend need to be the cost of one share? If so, with VTI trading at $140, you would need about 250 shares to buy a share with each dividend.
    - tanderson92 9y ago
      No.
    - dguo 9y ago
      No, they allow fractional shares. Source: https://investor.vanguard.com/investing/brokerage-dividend-reinvestment https://investor.vanguard.com/investing/brokerage-dividend-r... "When reinvesting dividends, Vanguard Brokerage Services combines the cash distributions from the accounts of all clients who have requested reinvestment in the same security, and then uses that combined total to purchase additional shares of the security in the open market. Vanguard Brokerage will attempt to purchase the reinvestment shares by entering a market order at the market opening on the payable date. The new shares are divided proportionately among the clients' accounts, in whole and fractional shares rounded to three decimal places. If the total purchase can't be completed in one trade, clients will receive shares purchased at the weighted average price paid by Vanguard Brokerage Services."
    - adrr 9y ago
      Most ETFs support DRIP and the dividends reinvestment happens at the fund level.
      - tanderson92 9y ago
        Dividend reinvestment for ETFs happens at the brokerage level, not at the fund level. You can see this because some brokers don't support reinvestment in the same ETFs.
  - astrange 9y ago
    > You can rebalance and reinvest dividends at Vanguard. Right. I mean you can't do this on Robinhood.
- adrr 9y ago
  Vanguard has a full robo-advisor which has more assets under management than all fintech robo-advisors combined.
  - vasilipupkin 9y ago
    Vanguard has no robo advisor. There is a human advisor involved

Yes, better because the minimum is $0 not $10,000. It's not as good as Betterment/Wealthfront/Hedgeable because you can't rebalance, reinvest dividends, or get fractional shares.

dandud 9y ago
Important to note that when purchasing ETFs through Vanguard the minimum investment amount is the cost of a single share. No large minimum amounts such as the $3000 or $10000 with their mutual funds.
tanderson92 9y ago
You can rebalance and reinvest dividends at Vanguard.
- Scoundreller 9y ago
  Does the amount of dividend need to be the cost of one share? If so, with VTI trading at $140, you would need about 250 shares to buy a share with each dividend.
  - tanderson92 9y ago
    No.
  - dguo 9y ago
    No, they allow fractional shares. Source: https://investor.vanguard.com/investing/brokerage-dividend-reinvestment https://investor.vanguard.com/investing/brokerage-dividend-r... "When reinvesting dividends, Vanguard Brokerage Services combines the cash distributions from the accounts of all clients who have requested reinvestment in the same security, and then uses that combined total to purchase additional shares of the security in the open market. Vanguard Brokerage will attempt to purchase the reinvestment shares by entering a market order at the market opening on the payable date. The new shares are divided proportionately among the clients' accounts, in whole and fractional shares rounded to three decimal places. If the total purchase can't be completed in one trade, clients will receive shares purchased at the weighted average price paid by Vanguard Brokerage Services."
  - adrr 9y ago
    Most ETFs support DRIP and the dividends reinvestment happens at the fund level.
    - tanderson92 9y ago
      Dividend reinvestment for ETFs happens at the brokerage level, not at the fund level. You can see this because some brokers don't support reinvestment in the same ETFs.
- astrange 9y ago
  > You can rebalance and reinvest dividends at Vanguard. Right. I mean you can't do this on Robinhood.
adrr 9y ago
Vanguard has a full robo-advisor which has more assets under management than all fintech robo-advisors combined.
- vasilipupkin 9y ago
  Vanguard has no robo advisor. There is a human advisor involved