Author Topic: Opened HSA bank account then TD Ameritrade, ETF or mutual fund?  (Read 3616 times)

live4soccer7

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Opened HSA bank account then TD Ameritrade, ETF or mutual fund?
« on: January 06, 2018, 12:18:14 PM »
I've read this article on the difference between the difference of ETFs and Mutual Funds: https://www.bogleheads.org/wiki/ETFs_vs_mutual_funds

I opened an account as hsa bank for 2017 and maxed out my hsa account and then opened up an account at TDA through HSA bank so I could invest those funds.

Please bear with me, I've only really used vanguard to long term investments and don't have any experience with ETFs, TDA, or really any other type of trading, so I'm not sure which would be the best way to go about getting my funds at TDA in to a long term investment in a vanguard fund.

From what I gathered in reading that article is that some brokers offer free ETFs (no commission) where that is seldom the case with mutual funds of an "Out of House" fund. The other thing I read is that ETFs must be purchased in WHOLE SHARES, where mutual funds it doesn't matter.

Otherwise ETFs can essentially be day traded where mutual funds don't work so much like that. This doesn't really apply to me because it will be a buy and hold fashion.

I'm mostly interested in the fees considering I can only add about 3300 to my TDA account each year through the HSA (after hsa fees etc...) and $50 for a fee would add up after a number of years.

Is there a list of vanguard ETFs I can purchase that are commission free at TDA? Any vanguard mutual funds that are commission free at TDA?

live4soccer7

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Re: Opened HSA bank account then TD Ameritrade, ETF or mutual fund?
« Reply #1 on: January 06, 2018, 12:43:17 PM »
I've continued my digging. I've found the free ETF list. It appears, from reading and visually confirming, that they've dropped vanguard commission free ETFs. :(

https://research.tdameritrade.com/grid/public/etfs/commissionfree/commissionfree.asp

Sorting the equity list by expense ratio, there are several options with low expense ratios.

SPDR and iShares seem to be the most common options in the equity lineup with lower expense ratios.

Steeze

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Re: Opened HSA bank account then TD Ameritrade, ETF or mutual fund?
« Reply #2 on: January 06, 2018, 03:37:15 PM »
I also have my HSA with HSA Bank and invest it with TD.
I had been in the vangaurd index (VTI) until they dropped this year.
Now I hold the following:
SPTM - total US stock market (ER=0.03%)
SPDW - developed world (ER = 0.04%)
SPEM - emerging markets (ER = 0.11%)
All very low cost ETFs worth looking into with fees competitive with Vangaurd.

TD seems to be a decent platform and I now have my IRAs & taxable account with them. All holding the same three funds above.

 

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