Jun 1, 2016
7:55:21am
7:55:21am
I would need to check, but I think their minimum is $2,500.
Same for Fidelity. I am not sure if Schwab is the only one of the bigs that caters to the truly small investor just starting out. $2,500 is a huge hurdle for a lot of people.
I have some holdings at Vanguard, and the donation in kind process is significantly more cumbersome than at Schwab. I have been shifting to schwab, even to the extent that when I exit a vanguard position, I will transfer my residual Vanguard positions to my Schwab account, and donate from there.
Also, if you have $2,500 around, you might check out doing an indexed ETF instead of an indexed mutual fund.
I have some holdings at Vanguard, and the donation in kind process is significantly more cumbersome than at Schwab. I have been shifting to schwab, even to the extent that when I exit a vanguard position, I will transfer my residual Vanguard positions to my Schwab account, and donate from there.
Also, if you have $2,500 around, you might check out doing an indexed ETF instead of an indexed mutual fund.
Originally posted on Jun 1, 2016 at 7:55:21am
Message modified by Acorn on Jun 1, 2016 at 8:00:12am
Message modified by Acorn on Jun 2, 2016 at 7:28:38am
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6/1/16 7:39am
no one is going to make $1MM over 40 years by investing $100/month in the stock market. Why? Because they can't and
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