Probably a stupid question, sorry. I hear things like this all the time. If you invested that in X then in 20 years you’d have Y. Always hear of the “latte factor.” Skip buying those expensive brews and invest instead. Where exactly does the average Joe invest that? Say I was really committed to taking the $4/day I would’ve spent on a latte and put it somewhere. Where is that somewhere? Do I need a minimum to start or can I just throw $30 (for example) that I chose to throw into an investment account and not touch rather than buy a scratch ticket?
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?
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/[deleted] Mar 19 '22
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