Thanks for all the advice. I have automatic reinvest on my tax-advantage investments (Roth, 401k/403b, etc). But since this will be taxable the only big thing will be a consideration will be the commission fees. I still have some time before I have enough for an initial purchase of any sort. I need to crunch the numbers but I think for me it will work best for the manual reinvest. It won't be horridly expensive since at first I'll be only doing a few purchases a year. And by the time I would be doing more trades per year I'll qualify for a lower rate. (Plan on using Vanguard at the present).