Thread: Investing 102
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Old 01-02-2014, 02:42 PM
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GregWeld GregWeld is offline
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So here's why this kind of stock/fund/bond recommendation is so difficult.


The fund you mention (VFIAX) has a minimum buy in of $2500 and 500 minimum for adding to that fund. Further --- if it's in a Company managed 401 it might not even be available as an option.


That's not to say it's good, bad, or indifferent.... I'm just saying that people will run around looking up someone else's recommendation --- get all set to put that on their list - only to find out that they missed some very critical details..... such as the 2500 minimum basic investment. It can be lower than that if it's inside an IRA then it has a 1000 minimum -- and then 500 subsequent investment.

Many "funds" are also "closed end" --- they're CLOSED to outside investors - even though you can find all manor of information about them as if you could actually invest in them.

So these things are better left to be used as a good examples ---- versus a "buy this it's great" idea. Yeah - it might be great... but it also just might be completely made out of unobtainium.... LOL

I believe this particular fund is closed except to people that are already invested in it. Given that it's "status" is "Available to existing shareholders".
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