5 ms·

0.04% for Admiral shares, aka the ones for people who have $100k.

froindt 8y ago
Admiral shares come in at 10k for most of their funds. E.g. VTSAX has the 0.04% ER and a 10k minimum, while the Investor class is at 0.14% (VTSMX). https://investor.vanguard.com/mutual-funds/fees https://investor.vanguard.com/mutual-funds/fees > Admiral Shares > * $10,000 for most index funds and tax-managed funds. > * $50,000 for most actively managed funds. > * $100,000 for certain sector-specific index funds.
- TheCoelacanth 8y ago
  Does that include target retirement funds and the like that include a mix of different asset classes? Last time I looked I didn't think it did, so you would need more than $10k if you want to do the sensible thing and not have 100% of your assets in stocks.
  - froindt 8y ago
    The target date funds seem to have a 1k minimum with an ER of 0.13-0.15%. [1] There are no admiral shares for target date funds. Across their other mutual fund offerings, investor shares generally have a similar expense ratio to the target date funds with a 3k minimum. When I was getting started, it took awhile before I was diversified beyond a single fund (currently not using the target date funds), then eventually getting up to admiral shares. > Last time I looked I didn't think it did, so you would need more than $10k if you want to do the sensible thing and not have 100% of your assets in stocks. Looking through all their target date funds, none have more than 90% stocks. The 2015-2040 funds have 60% to 15% bonds, with all later dates at 10%. [1] https://investor.vanguard.com/mutual-funds/list#/mutual-funds/asset-class/month-end-returns https://investor.vanguard.com/mutual-funds/list#/mutual-fund...
    - TheCoelacanth 8y ago
      Right, target date retirement funds are never 100% stocks because only a crazy person would have a portfolio of 100% stocks. You can't have a sane portfolio of admiral shares with only $10k because you would have to be invested 100% in a single asset class which is never a good idea.
sigstoat 8y ago
admiral shares of the total stock market fund (VTSAX) have a minimum investment of $10k. that's also the case for the S&P 500 fund (VFIAX) and the total bond market fund (VBTLX, 0.05% ER).
waterphone 8y ago
$10,000
deleted 8y ago
[deleted]
bluGill 8y ago
which sounds like a lot, but if you are actually investing long term ins't much. Remember these are stock funds, you should never invest in stocks if you need the money within 5 years - the historical odds are often against you breaking even if you need the money in 5 years. You cannot retire on $100k, which is one of the most common investments people make.
- namibj 8y ago
  Actually, no. If you have decent low fee trading, your expected gain is just scaled according to compound interest rules compared to holding for 10x the time. The volatility is much larger relative to the lower gain you got, so the simple classification, of keeping it in cash would have had more yield than the fund. So, the rule is not investing for 5+ years, but only investing as much as you can loose without feeling like a soon-dead human....

Admiral shares come in at 10k for most of their funds. E.g. VTSAX has the 0.04% ER and a 10k minimum, while the Investor class is at 0.14% (VTSMX). https://investor.vanguard.com/mutual-funds/fees https://investor.vanguard.com/mutual-funds/fees > Admiral Shares > * $10,000 for most index funds and tax-managed funds. > * $50,000 for most actively managed funds. > * $100,000 for certain sector-specific index funds.

TheCoelacanth 8y ago
Does that include target retirement funds and the like that include a mix of different asset classes? Last time I looked I didn't think it did, so you would need more than $10k if you want to do the sensible thing and not have 100% of your assets in stocks.
- froindt 8y ago
  The target date funds seem to have a 1k minimum with an ER of 0.13-0.15%. [1] There are no admiral shares for target date funds. Across their other mutual fund offerings, investor shares generally have a similar expense ratio to the target date funds with a 3k minimum. When I was getting started, it took awhile before I was diversified beyond a single fund (currently not using the target date funds), then eventually getting up to admiral shares. > Last time I looked I didn't think it did, so you would need more than $10k if you want to do the sensible thing and not have 100% of your assets in stocks. Looking through all their target date funds, none have more than 90% stocks. The 2015-2040 funds have 60% to 15% bonds, with all later dates at 10%. [1] https://investor.vanguard.com/mutual-funds/list#/mutual-funds/asset-class/month-end-returns https://investor.vanguard.com/mutual-funds/list#/mutual-fund...
  - TheCoelacanth 8y ago
    Right, target date retirement funds are never 100% stocks because only a crazy person would have a portfolio of 100% stocks. You can't have a sane portfolio of admiral shares with only $10k because you would have to be invested 100% in a single asset class which is never a good idea.

sigstoat 8y ago

admiral shares of the total stock market fund (VTSAX) have a minimum investment of $10k. that's also the case for the S&P 500 fund (VFIAX) and the total bond market fund (VBTLX, 0.05% ER).

waterphone 8y ago

$10,000

deleted 8y ago

[deleted]

bluGill 8y ago

which sounds like a lot, but if you are actually investing long term ins't much. Remember these are stock funds, you should never invest in stocks if you need the money within 5 years - the historical odds are often against you breaking even if you need the money in 5 years. You cannot retire on $100k, which is one of the most common investments people make.

namibj 8y ago
Actually, no. If you have decent low fee trading, your expected gain is just scaled according to compound interest rules compared to holding for 10x the time. The volatility is much larger relative to the lower gain you got, so the simple classification, of keeping it in cash would have had more yield than the fund. So, the rule is not investing for 5+ years, but only investing as much as you can loose without feeling like a soon-dead human....