Hi!
Thanks in advance for the assistance, I'm reading like crazy to understand investing in stocks and bonds.
Here's something I'm confused on.
Here are 3 Vanguard funds that appear to be variations on a theme. But I don't understand the nature of the variation.
- VTI Total Stock Market Exchange Traded Fund
VTSAX Total Stock Market Index Fund Admiral Shares
VTSMX Total Stock Market Index Fund Investor Shares
As far as I can tell, VTSAX and VTSMX are the same except I pay lower costs and they require a higher mininum starting balance. If there is more, I'm not seeing it.
But I really don't understand the difference between an ETF and an Index Fund.
The ETFs have this verbiage on them that an net asset value when selling.
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I'm sure I'm not the only one who is confused. And even if I am, I'm hoping to fix that shortly!