Originally Posted by fatman22
Ok, I've thought about using mutual funds but the expense ratios are so much cheaper on VTI at .07 % expense ratio compared to the more expensive ratio on the mutual funds. What I was more curious about is how do others in this forum set-up their roth purchases.
The expense ratios are NOT much cheaper. They are inconsequentially cheaper. And with ETFs you have to consider the differences between bid and ask (the spread) which even if just 1 cent is 0.023% (multiply by 2 for coming and going, or about 0.05%). And you got the commissions which could be free (say at WellsFargo) and you got the premium or discount to NAV.
I don't have a Roth but may get one this year. I will just transfer $11K all at once into it.