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Low Price US Broad Market ETFs
04-18-2023, 09:45 AM
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#1
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Recycles dryer sheets
Join Date: Nov 2017
Posts: 100
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Low Price US Broad Market ETFs
Can anyone suggest some decent low price US broad market ETFs I could use as an alternative to the Vanguard Total Stock Market Index Fund (VTI)? VTI is my "go to" ETF in most cases. But when I have a small amount of money to invest and VTI is priced around $200 or so, it is harder to get every last dollar invested. I am trying to have to transfer and park money in a money market fund until I have enough to buy VTI again. When I search for low priced ETFs, the results are always ETFs with low expense ratios, not necessarily EFTs with a low price per share. The only lower priced similar ETF I have located so far is the Schwab U.S. Broad Market ETF (SCHB) (which is fine since I have an account at Schwab).
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04-18-2023, 09:55 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,054
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You could invest in the mutual fund version of VTI, VTSAX.
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04-18-2023, 10:01 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jan 2012
Posts: 2,581
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Quote:
Originally Posted by Tranquility Base
The only lower priced similar ETF I have located so far is the Schwab U.S. Broad Market ETF (SCHB) (which is fine since I have an account at Schwab).
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So, why not SCHB then? It's currently trading at around $48, which is about as low as you could expect for a broad market, index ETF.
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04-18-2023, 10:06 AM
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#4
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Recycles dryer sheets
Join Date: Nov 2017
Posts: 100
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Quote:
Originally Posted by Sojourner
So, why not SCHB then? It's currently trading at around $48, which is about as low as you could expect for a broad market, index ETF.
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Good to know! I don't have any objections to SCHB and already own some of it. I was wondering if there were other alternatives. But if SCHB is priced about as low as these type of ETFs go, then SCHB would make the most sense.
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04-18-2023, 10:09 AM
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#5
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Recycles dryer sheets
Join Date: Nov 2017
Posts: 100
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Quote:
Originally Posted by jim584672
You could invest in the mutual fund version of VTI, VTSAX.
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I know. But frankly I am still trying to understand mutual funds. ETFs just make more sense to me, or at least they are easier to understand. I know what I am paying when I buy or sell and you don't get the surprise year-end capital gains distributions. That's a topic probably best for another thread. My point is I just tend to lean away from mutual funds if there is an ETF alternative.
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04-18-2023, 10:38 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,012
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How about SCHD for a little variety.
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Fortune favors the prepared mind. ... Louis Pasteur
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04-18-2023, 11:53 AM
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#7
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Moderator
Join Date: Nov 2014
Posts: 9,101
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Fidelity FZROX is trading at $14.45 today. No fee total market fund.
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04-18-2023, 12:00 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,008
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Quote:
Originally Posted by jim584672
You could invest in the mutual fund version of VTI, VTSAX.
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Quote:
Originally Posted by Tranquility Base
I know. But frankly I am still trying to understand mutual funds. ETFs just make more sense to me, or at least they are easier to understand. I know what I am paying when I buy or sell and you don't get the surprise year-end capital gains distributions. That's a topic probably best for another thread. My point is I just tend to lean away from mutual funds if there is an ETF alternative.
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VTI and VTSAX are the same in terms of distributions. You won’t get cap gains distributions from VTSAX that aren’t also paid on VTI. The only difference is a single market close price on VTSAX versus the market day range of VTI.
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Retired since summer 1999.
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04-18-2023, 02:09 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jan 2020
Location: Milwaukee
Posts: 3,976
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The closing years of life are like the end of a masquerade party, when the masks are dropped. -Arthur Schopenhauer, philosopher (1788-1860)
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04-18-2023, 04:46 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,008
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Quote:
Originally Posted by Out-to-Lunch
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That’s what I wondered. Surely you can at Vanguard.
This Oct 2022 article claims you can. There may be some caveats like market order only, etc. https://investor.vanguard.com/invest...-vanguard-etfs
Oops sorry, found the same article.
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Retired since summer 1999.
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