SkinsFan0521
Dryer sheet aficionado
- Joined
- Nov 17, 2016
- Messages
- 48
Hi,
Up to this point, my wife & I have been focusing on retirement accounts, but now we would like to open a brokerage account in order to fund our years of ER before we have access to our retirement accounts at 59.5.
We already have Roth IRA accounts with Fidelity (invested in FSTMX), so I was just going to open up a brokerage account with Fidelity also. But, I plan to invest in low cost index funds and I looked and from what I could tell, the minimum amount to invest in Fidelity's S&P 500 index fund (FUSVX) is $10k. The problem is that we are only planning on contributing a few hundred $ a month to begin with.
So, with our small monthly contribution amount and our plan to invest in low cost index funds, what suggestions do you have for where we should open a brokerage account and what fund(s) we should start investing in? Just for simplicity sake, I'd prefer to open it with Fidelity and maybe I'm just missing some better fund options with lower minimums.
Thanks!
Up to this point, my wife & I have been focusing on retirement accounts, but now we would like to open a brokerage account in order to fund our years of ER before we have access to our retirement accounts at 59.5.
We already have Roth IRA accounts with Fidelity (invested in FSTMX), so I was just going to open up a brokerage account with Fidelity also. But, I plan to invest in low cost index funds and I looked and from what I could tell, the minimum amount to invest in Fidelity's S&P 500 index fund (FUSVX) is $10k. The problem is that we are only planning on contributing a few hundred $ a month to begin with.
So, with our small monthly contribution amount and our plan to invest in low cost index funds, what suggestions do you have for where we should open a brokerage account and what fund(s) we should start investing in? Just for simplicity sake, I'd prefer to open it with Fidelity and maybe I'm just missing some better fund options with lower minimums.
Thanks!