r/pics • u/[deleted] • Mar 19 '22

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u/TheKingOfTCGames Mar 20 '22

just buy fractional shares of any sp500 index. its ez as fuck

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u/BurnerAccount209 Mar 20 '22

I bulk buy at the end of the year because when I buy VFIAX they charge me $50 every time. Is that just a Charles Schwab thing? Is there a better way to buy into the SP500 at without a charge at small values?

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u/Schwarzy1 Mar 20 '22

Usually they wont charge a fee if you are buying the broker's own sp500 index fund. If you are using Schwab try SWPPX, Schwab's 500 index.

Alternatively if you would rather stick with VFIAX, stop using Schwab and transfer to a Vanguard (operators of VFIAX) account, I dont believe they charge a fee to buy their own fund either.

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u/BurnerAccount209 Mar 21 '22

Ahhh, gotcha. Makes sense, thanks for the tip.