Parking my money for the next 30 years or so.
I want to put it in an S&P index fund for reliable growth, any tips tricks and suggested funds?
This is the one I use
https://personal.vanguard.com/us/funds/snapshot?FundId=0540&FundIntExt=INT
I'm very happy with it, Vanguard is the most popular because it has an extremely low expense ratio and mirrors the index quite evenly. It went up 12% last year, not too shabby.
>>1839213
I have heard of vanguard a lot, what are the fees?
>>1839245
just found the information on the vanguard shortlist.
for anyone else looking at this, it is the expense ratio and it is an annual fee
>>1839213
yes goyim, buy a mutual fund!
>yfw Schwab's S&P500 has a lower expense ratio
Seriously though, mutual funds are archaic. What are you, 60 years old? Buy an ETF and for gods sake dont go with a firm that charges any kind of annual fee.
Two words....
BERKSHIRE HATHAWAY.
You Cannot go wrong.
>>1839258
no dividends
But I suspect once buffet and munger dies, they will pay dividends.
as for index fund, I'd go with VOO. .05% expense ratio is extremely low.
>>1839258
>Buy BRKB
>Buffet dies
>???
>lose everything
>>1839195
>not buying eth
wew
>>1839266
ETH is a mess though
>>1839265
under rated
>>1839195
>>1839195
Like people said, VOO is the lowest expense ratio S&P 500 fund.
But there is counterparty risk with ETFs. If Vanguard goes bust then you lose all your money. Depending on how much money it is, you should think about just buying a market-cap weighted amount of each 500 stocks in the S&P.
If you plan on holding these until retirement, or at least age 59 1/2, you can use a self directed IRA to avoid huge dividend and capital gains taxes you would accrue in that time.