Search the Community
Showing results for tags 'index funds'.
Found 4 results
Hello all, I'm a teacher in NY in a small district. We do not have access to 457s unfortunately. Which of the following plan providers offers the lowest fees? Which type of plan offers the lowest fees as well? Are mutual funds my best options? Also I don't think my district offers Roth options. In the future Can I convert the 403b to a Roth IRA with Vanguard without penalty?
My mother-in-law loves to buy Certificates of Deposit (CDs). “When I die,” she says, “you’ll be shocked to see how many I own.” Every couple of months, she calls up her neighborhood banks. She looks for the bank with the best CD interest rate. When she finds it, she grabs her checkbook, climbs into her car and races to the bank. Her Audi needs a bumper sticker that reads, “I speed for CDs” https://assetbuilder.com/knowledge-center/articles/the-perfect-portfolio-for-those-who-hate-to-lose-money
In the last three calendar years, investors sank $823 billion into Vanguard funds, the company says. ….. the rest of the mutual fund industry — more than 4,000 firms in total….. combined took in just a net $97 billion during that period, Morningstar data shows. Vanguard, in other words, scooped up about 8.5 times as much money as all of its competitors. https://www.nytimes.com/2017/04/14/business/mutfund/vanguard-mutual-index-funds-growth.html?ref=business
This may seem like a basic question but how is the price of a target date mutual fund determined? Are prices determined based on volume of shares purchased on a specific day for the specific target date mutual fund (example: Vanguard Target 2020?) or is it based on the the actual value of assets that it holds (example for that Target 2020 would be the Vanguard Total Stock Market Index Fund)? Today I notice that my target date fund dropped in value by 1.26% in trading today. However the individual assets that this target date fund holds did not drop in price. Anyone know how these work? Thanks.