Re: Index funds. There is Vanguard...what else should I be looking at?
Well I believe the minimum (initial deposit) at vanguard is $3000 for the S&P 500 Index Fund.
I would recommend saving until you have the 3k needed. In the mean time I would recommend a CD & savings account at ING Direct. You could put the $1000 into a decent rate CD for a year and try to save ~$150 a month in the 3.5% savings account. At the end of the year you should have just about the 3k you need for the S&P 500 Fund.
IMO a year from now might be a lot better time to invest...
Good luck,
Kevin
|