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Personal Investments • Re: Why Do I Want Vanguard Admiral Funds? - VOO vs VFIAX

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Once upon a time there were mutual funds.* They were and are special products that are transacted in a different way from stocks. The first index fund was the fund now named the Vanguard 500 Index Fund, VFINX. Around the time I started investing in mutual funds, around 1998, VFINX had an expense ratio (ER) of something like 0.50%, which was a bargain because most mutual funds had expense ratios like 1.50%.
It was 0.19% at the time, and Vanguard Total Stock Market (my own first stock investment, in 1997) was 0.20%. I still hold the fund, and the only reason I am getting rid of shares now is that it has been too good; I have huge capital gains, so I have been using this fund for my charitable donations.

Statistics: Posted by grabiner — Wed Sep 11, 2024 9:33 pm



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