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Newcomer investors with a taste for thrift can enjoy a one-two punch of low costs and diversification by investing in some of the best Vanguard index funds for beginners.

Index funds have been one of the primary drivers of lower-cost investing over the past couple decades. These rules-based investing vehicles are largely run by algorithm, not an expensive team of managers, allowing investors to easily access dozens or hundreds of stocks, bonds, and other assets at a time—all without breaking the bank.

You can thank The Vanguard Group for that. In 1976, Vanguard founder John Bogle launched the Vanguard First Index Investment Trust—the first U.S. index fund that everyday investors could access. Ever since, Vanguard has been one of the leading names in not just low-cost index investing, but low-cost funds in general.

Today, though, we’re going to show you how to pair index investing and Vanguard’s inexpensive lineup to build an extremely cost-efficient starter portfolio.

Read on as we examine some of the best Vanguard index funds for beginners. These products will cover numerous investing strategies, so there should be at least one fund for virtually every type of investor—though most people would likely combine several of these to build the base of their portfolio. We’ll also introduce you to index investing and The Vanguard Group, and answer a few frequently asked questions.

Disclaimer: This article does not constitute individualized investment advice. These funds appear for your consideration and not as investment recommendations. Act at your own discretion.

What Is an Index Fund?


etf mutual index fund pie chart

Most investors own index funds, whether they realize it or not. They are the dominant investment vehicle in most retirement plans these days, and with good reason: Low-cost index funds generally perform as well or better than most actively managed funds.

And naturally, Vanguard Group—which launched the very first index fund for U.S. retail investors more than 40 years ago—is a leader in index funds. If your workplace offers a 401(k) plan, it likely offers some of the best Vanguard index funds; if you have a brokerage account, you certainly have access to these products.

But if you’re new to investing, you need to understand what index funds do. So first, let’s look under the hood to see what makes the best index funds tick.

The best way to explain index funds is to compare them to their cousins: actively managed funds.

Actively managed funds are run by one or more fund managers, who collect money from investors, then allocate that money to stocks, bonds, or other assets. With active funds, the managers are often tasked with beating some sort of benchmark index, but they’ll generally have a lot of discretion as to what they can buy and sell to accomplish that.

Index funds, in contrast, are passive. The fund manager isn’t actively looking to “beat the market” or “beat an index.” They’re simply looking to mimic a stock market index—like, say, the S&P 500—enjoying that underlying investment exposure. (Indeed, one of the best Vanguard index funds is its core S&P 500 offering.)

Let’s use the S&P 500 as an example. The S&P 500 holds the stocks of 500 companies, but it doesn’t hold equal amounts of each—it “weights” each stock by size. The larger the market capitalization (stock price times number of shares outstanding), the larger the percentage of the index is allocated to that stock. As I write this, the S&P 500 gives Apple (AAPL) a 5.9% weight, and it gives Microsoft (MSFT) a 5.6% weight. So an index fund mimicking the S&P 500 should dedicate 5.9% of its assets to AAPL, and 5.6% to MSFT.

The primary advantage of actively managed funds is that a talented manager can potentially outperform over time and might be adept at navigating a difficult period such as a bear market. But you pay for that possibility in the form of higher fees and often worse tax efficiency.

With index investing, you generally get much lower costs in terms of management fees and trading expenses, better tax efficiency, and performance that often ends up being better than that of many active managers.

If you believe the stock market will generally rise over time, an index fund is the easiest and most direct way to get exposure.

Mutual Funds vs. ETFs


Mutual funds and ETFs are similar vehicles that have a few key differences. But also confusing the conversation is that many people use the term “index funds” interchangeably with “exchange-traded funds (ETFs),” and “actively managed funds” with “mutual funds.”

While there’s a lot of overlap, they’re not the same thing. So, we’ll tackle the differences between mutual funds and ETFs, and explain why people are so quick to automatically equate them to index or actively managed products.

Mutual funds

When you invest in a mutual fund, you (or your broker) actually send money to the fund company, which in turn uses the cash to buy stocks or other investments. When you want to sell, the fund company will sell off a tiny piece of the securities the mutual fund owns and send you the proceeds. Money generally enters or exits the fund once per day.

Mutual funds are the traditional vehicles of choice for 401(k) plans or other situations when an investor is dollar-cost averaging, which means investing in regular installments. If you have a specific dollar amount to invest each month, whether it’s $100 or $10,000, a mutual fund will generally be able to accommodate you easier than an exchange-traded fund.

But the key here is that you don’t need a specific amount based on the price of a share. Once you meet the minimum initial investment (a certain dollar amount you must invest when you first buy the fund), you can generally invest just about any amount.

The thing is, most mutual funds are actively managed, which is why people conflate “mutual funds” and “actively managed funds.” But there are numerous index mutual funds. In fact, there are Vanguard index mutual funds for virtually every type of stock market index you can imagine, and because of that, many of the best Vanguard mutual funds tend to be some of the cheapest in the business.

Exchange-traded funds (ETFs)

Exchange-traded funds are actually very similar to mutual funds but feature a handful of significant differences that may make them superior in certain situations.

Like traditional index mutual funds, an ETF will hold a basket of stocks, bonds and other securities. These can be broad and benchmarked to a major index like the S&P 500, or they can be exceptionally narrow and focus on a specific sector or even a specific trading strategy. For the most part, anything that can be held in an exchange-traded fund can also be held in a mutual fund.

However, unlike mutual funds, ETFs trade on major exchanges—such as the New York Stock Exchange or Nasdaq—like a stock. If you want to buy shares, you don’t send the manager money; you just buy shares from another investor on the open market.

The need to buy shares can be problematic when dollar-cost averaging. As an example, let’s say you have exactly $100 to invest, but the shares of the ETF trade for $65. You can only buy one share, and you’re stuck with $35 in cash uninvested.

But ETFs have their own advantages. For one, they have intraday liquidity—that is, if you want to buy or sell in the middle of the trading day (or multiple times throughout the trading day), you can.

The second advantage is tax efficiency. In a traditional mutual fund, redemptions by investors can generate selling by the manager that creates taxable capital gains for the remaining investors who didn’t sell. This doesn’t happen with ETFs, as the manager isn’t forced to buy or sell anything when an investor sells their shares.

Like we said, many investors use “ETF” and “index fund” interchangeably. That’s because most exchange-traded funds are index funds—but not all. Some are actively managed.

As is the case with Vanguard mutual index funds, Vanguard ETFs—most of which are indexed—tend to have some of the lowest costs in the business in terms of fees and expenses.

Why Vanguard?


Vanguard Group is a leader in index funds. Vanguard founder Jack Bogle launched the first Vanguard index fund for U.S. retail investors—the Vanguard First Index Investment Trust, which is now the Vanguard 500 Index Fund Admiral Shares (VFIAX)—in 1976, and in the four-and-a-half decades that have followed, Vanguard Funds have grown to become the dominant force in index investing.

Today, this former upstart mutual fund company has more than $8 trillion in assets under management with an average expense ratio of just 0.09%, or a mere $9 for every $10,000 invested. There are currently 441 Vanguard funds, including mutual funds and ETFs. And Vanguard index funds cover every conceivable pocket of the investable universe, including individual sector funds and emerging markets.

Vanguard grew into the powerhouse mutual fund company it is today by taking care of its clients and genuinely looking after their interests. Vanguard funds really started and continue to accelerate the trend of fee compression. We all collectively pay less in fees and expenses and enjoy better returns because of the index revolution started and led by Vanguard’s founder Jack Bogle.

Today, we’re going to take a look at the very best Vanguard index funds for beginners. They run the gamut in terms of styles and strategies, but all of the best Vanguard funds share one thing in common: They all have rock-bottom fees.

The 7 Best Vanguard Index Funds for Beginners


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It’s not particularly easy to narrow down the universe of Vanguard funds to just seven of the very best Vanguard index funds. And this list shouldn’t be considered a comprehensive portfolio.

But you can absolutely use these to build a starter portfolio. For the beginning investor, this particular mix of Vanguard funds covers the major bases, giving you exposure to U.S. stocks, stocks in developed and emerging markets, and government and corporate bonds.

This list is also heavy in what are called “Admiral Shares,” which is a popular Vanguard share class. Admiral Shares generally have a slightly higher investment minimum but a lower expense ratio. However, if the investment minimums are difficult for you to meet, good news: You can probably buy it as an ETF, which you can buy for as little as one share, and we’ll let you know when that’s the case.

With that said, let’s jump into it.

Best Large-Cap Fund: Vanguard 500 Index Fund Admiral Shares (VFIAX)


mutual fund index diversification

  • Type: Mutual fund (ETF available)
  • Assets under management: $391 billion
  • Expense ratio: 0.04%, or $4 per year for every $10,000 invested
  • Dividend yield: 1.5%
  • Minimum initial investment: $3,000

The vast majority of fund managers who run large-cap funds (funds that invest in larger companies) struggle to consistently beat the S&P 500 index, particularly after fees. One of the most powerful stats comes from investing data provider S&P Dow Jones Indices (emphasis ours):

“[In 2021], large-cap funds continued their underperformance for the 12th consecutive calendar year, as 85% of active large-cap funds trailed the S&P 500.

So if you can’t beat it, join it.

The Vanguard 500 Index Fund Admiral Shares (VFIAX) boasts more than $391 billion in assets under management, and that’s just in the VFIAX share class. Across all share classes, this fund manages nearly $800 billion! Meanwhile, VFIAX offers an expense ratio of just 0.04%—that’s not free, but it’s awfully close.

The S&P 500 is a collection of the largest and most dominant American companies. To be selected for this stock market index, a company must have a market capitalization of at least $8.2 billion, its shares must be highly liquid (shares are frequently bought and sold), and at least 50% of its outstanding shares must be available for public trading, it must have positive earnings in the most recent quarter, and the sum of its previous four quarters must be positive. Once a company is in the index, it doesn’t necessarily get kicked out if it fails to meet all of the criteria at some point in the future, but the selection committee would take that under consideration.

Turnover (how much the fund tends to buy and sell holdings) tends to be low, as only a handful of stocks enter or leave the index in any given year. This makes VFIAX an extremely tax-efficient option for taxable investors. This may be Vanguard’s oldest index strategy, but it remains one of the very best Vanguard index funds.

If the $3,000 minimum is a problem, the exact same strategy is available via the Vanguard S&P 500 ETF (VOO), which charges an even cheaper 0.03% in annual expenses. At time of writing, a single share can be purchased for around $350.

Learn more about VFIAX at the Vanguard provider site.

Related: 20 Best Stock Market Investing Research & Analysis Sites

Best Dividend Fund: Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX)


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  • Type: Mutual fund (ETF available)
  • Assets under management: $13 billion
  • Expense ratio: 0.08%, or $8 per year for every $10,000 invested
  • Dividend yield: 2.8%
  • Minimum initial investment: $3,000

As 2022 made abundantly clear, we cannot always depend on stock price returns to materialize when we want or need them. But dividends allow you to realize a steady stream of returns without having to sell your shares at potentially inopportune times.

Furthermore, dividend stocks tend to be more stable, mature, and shareholder-focused than their non-dividend-paying peers.

One of the best Vanguard index funds for the beginning investor is the Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX), an index fund that tracks the FTSE High Dividend Yield Index. The companies in the index have a history of paying above-average dividends, and the fund yields a competitive 2.8%. (For comparison’s sake, VFIAX, which tracks the S&P 500, yields just 1.5%.)

As you might expect from a dividend-focused mutual fund, the Vanguard High Dividend Yield Index Fund has a high allocation to steady “blue chips” (stocks of large, established holdings). Its largest holdings are Johnson & Johnson (JNJ), Exxon Mobil (XOM) and JPMorgan Chase (JPM). Together, financials, consumer staples and healthcare make up about half the portfolio. Whereas technology—which dominates most growth indexes—makes up only about 6%. This makes VDIGX a solid diversification option for beginning investors looking to spread their risk around.

If the $3,000 minimum is a challenge for a beginning investor, the same strategy is offered as an ETF via the Vanguard High Dividend Yield ETF (VYM), which charges 0.06% in annual expenses. At time of writing, a single share can be purchased for around $108.

Learn more about VHYAX at the Vanguard provider site.

Related: 20 Best Stock Research & Analysis Apps, Tools and Sites

Best Dividend Growth Fund: Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX)


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  • Type: Mutual fund (ETF available)
  • Assets under management: $13 billion
  • Expense ratio: 0.08%, or $8 per year for every $10,000 invested
  • Dividend yield: 1.8%
  • Minimum initial investment: $3,000

There’s more to dividend investing than simply seeking out the highest yield. In fact, the yield itself is only one small part of the story.

The payment of dividends serves as a quality filter. Earnings can be manipulated by clever accountants, but dividends have to be paid in cold, hard cash. There’s no room for fudging there.

Furthermore, there is no better sign of company health than a long history of rising dividends. As the old Wall Street maxim goes: The safest dividend is the one that was just raised. And on the other side, slashing a dividend is a major embarrassment for management and tends to infuriate shareholders. So you can bet that company boards only raise the dividend when they are confident they will have the cash to back it up.

For this reason, the Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) is one of the very best Vanguard index funds for those looking to invest for the long haul.

The Vanguard Dividend Appreciation Index Fund tracks the performance of the S&P U.S. Dividend Growers Index, which is composed of U.S. companies that have followed a policy of consistently increasing dividends every year for at least 10 consecutive years. As an additional filter, the index excludes the top 25% highest-yielding eligible companies from the index, as exceptionally high-yielding stocks are often at risk for dividend cuts.

Despite its name, income is not VDADX’s main allure. The Vanguard mutual fund’s dividend yield is a very modest 1.8%, not materially higher than that of the S&P 500. But it most assuredly is a collection of some of the strongest and most shareholder-friendly dividend growth stocks in America.

If the $3,000 minimum is a stretch on your budget, the same strategy is available via the Vanguard Dividend Appreciation ETF (VIG), which charges 0.06% in annual expenses and trades for around $150 per share.

Learn more about VDADX at the Vanguard provider site.

Related: 19 Best High-Yield Investments [Safe Options Right Now]

Best ESG Fund: Vanguard ESG U.S. Stock ETF (ESGV)


growth stocks

  • Type: ETF
  • Assets under management: $6 billion
  • Expense ratio: 0.09%, or $9 per year for every $10,000 invested
  • Dividend yield: 1.2%
  • Minimum initial investment: N/A*

As a general rule, it’s probably better to keep your political views separate from your investment decisions. Politics tends to be emotional, and it’s generally best to strip out your emotions when investing and stick with the numbers.

That said, many investors feel strongly that investing should be ethical, and they have serious moral qualms about investing in certain industries or in companies with questionable labor practices or corporate governance. Furthermore, studies have found that companies with strong corporate governance structures in place tend to outperform, and companies with good labor relations tend to do a better job of avoiding costly strikes or work stoppages.

For investors wanting to feel good about their investments, the Vanguard ESG U.S. Stock ETF (ESGV) is a solid option.

This Vanguard ETF seeks to track the performance of the FTSE US All Cap Choice Index, a market-cap-weighted index screened for environmental, social, and corporate governance (ESG) criteria. The index excludes stocks of companies related to adult entertainment, alcohol, tobacco, cannabis, gambling, chemical and biological weapons, cluster munitions, anti-personnel landmines, nuclear weapons, conventional military weapons, civilian firearms, nuclear power, and coal, oil, or gas. It also excludes stocks of companies that do not meet certain labor, human rights, environmental, and anti-corruption standards as defined by the UN Global Compact Principles and companies that do not meet certain diversity criteria.

The resulting portfolio is nearly 1,500 qualifying stocks, which you can get for a low 0.09% in annual fees.

* As an ETF, ESGV has no minimum initial investment. You can buy as little as one share (or a fraction of a share if your brokerage supports fractional shares).

Learn more about ESGV at the Vanguard provider site.

Related: 11 Best Stock Portfolio Tracking Apps [Stock Portfolio Trackers]

Best International Developed Markets Fund: Vanguard Developed Markets Index Fund Admiral Shares (VTMGX)


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  • Type: Mutual fund (ETF available)
  • Assets under management: $23 billion
  • Expense ratio: 0.07%, or $7 per year for every $10,000 invested
  • Dividend yield: 3.4%
  • Minimum initial investment: $3,000

The United States is the world’s largest economy and home to many of the world’s most innovative and profitable companies. And American investors have expenses denominated in U.S. dollars. So, it only makes sense to keep the bulk of your investments in U.S. assets.

That said, opportunities abound in developed (established, slower-growing) and emerging (less stable but faster-growing) markets as well, and there can be multi-year stretches in which non-U.S. stocks massively outperform their American peers. This was certainly the case from 2000-08, the last major bull market in overseas shares.

For index exposure to the world’s major developed foreign markets, consider the Vanguard Developed Markets Index Fund Admiral Shares (VTMGX). The fund tracks the performance of the FTSE Developed All Cap ex US Index, a market-cap-weighted index that is made up of approximately 3,700 common stocks of large-cap, small-cap, and mid-cap stocks located in Europe, Canada, and the Pacific region. Approximately 52% of the fund is invested in European shares, 36% in Asia and the Pacific Rim, and 10% in North America.

VTMGX pays an attractive dividend yield of 3.4% and has an expense ratio of just 0.07%.

If the $3,000 investment minimum is a little on the high side for you, consider the Vanguard FTSE Developed Markets ETF (VEA). It tracks the same index, charges just 0.05%, and a single share can be bought for a little over $40 as of this writing.

Learn more about VTMGX at the Vanguard provider site.

Related: 17 Best Stock News Apps & Sites [Financial & Stock Market Info]

Best International Emerging Markets Fund: Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX)


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  • Type: Mutual fund (ETF available)
  • Assets under management: $15 billion
  • Expense ratio: 0.14%, or $14 per year for every $10,000 invested
  • Dividend yield: 3.5%
  • Minimum initial investment: $3,000

The United States is still the world’s idea factory, but it is also already a developed country with high living standards. The same is true of Canada, Japan, and much of Europe. In a developed country, annual economic growth of 3% to 4% is a cause for celebration.

But it’s a much different story in emerging markets. Because they are starting at lower levels of development, it’s possible for them to grow significantly faster than their developed-world peers. Economic growth in excess of 8% or even 10% is not uncommon during booms.

For broad index exposure to emerging markets, consider the Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX). The Vanguard fund tracks the performance of the FTSE Emerging Markets All Cap China A Inclusion Index, a market-cap-weighted index that is made up of more than 3,500 common stocks of companies located in emerging markets around the world. Despite having “China” in its name, the fund has only about a third of its assets in Chinese securities. It also has large exposure to India, Taiwan, Brazil, and a host of other developing countries.

Emerging markets have really struggled over the past decade, and the COVID pandemic didn’t help. And tightening monetary policy from the Federal Reserve and other major central banks also tends to hit emerging markets particularly hard. So, you might want to start small when investing in emerging markets, then gradually build your position over time. But if you believe in the long-term growth prospects of the developing world, it certainly makes sense to have exposure here.

As with most Vanguard Admiral shares, the Vanguard emerging market fund has a $3,000 minimum investment. If this is too steep for you, consider the Vanguard FTSE Emerging Markets ETF (VWO). It runs the same portfolio, has an even cheaper 0.08% expense ratio, and shares trade for a little less than $40.

Learn more about VEMAX at the Vanguard provider site.

Related: 10 Investments that Earn a Great Return [10% or More]

Best Bond Fund: Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX)


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  • Type: Mutual fund (ETF available)
  • Assets under management: $15 billion
  • Expense ratio: 0.07%, or $7 per year for every $10,000 invested
  • SEC yield: 4.4%*
  • Minimum initial investment: $3,000

2022 was a volatile year in the stock market, but it was also a wildly volatile year for long-term bonds. Bonds that mature in 20 to 30 years actually saw greater price declines than the S&P 500!

So if you are looking to earn a competitive yield while keeping your portfolio safe from wild price swings, consider the Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX), a diversified bond index fund including both government and corporate bonds.

The Vanguard Short-Term Bond Index Fund attempts to track the performance of the Bloomberg U.S. 1-5 Year Government/Credit Float Adjusted Index. Now, this fund doesn’t hold all of the bonds in the benchmark—instead, it uses “sampling” to hold fewer bonds while still closely matching index characteristics such as sector weight, maturity, coupon, and credit quality. Even then, this is a very diversified portfolio of roughly 2,600 bonds (versus the benchmark’s 3,300 or so).

Currently, this Vanguard index fund invests about 30% of assets in corporate bonds and 70% in U.S. government bonds. Given the relatively short duration of the bonds in the portfolio, the fund’s risk to rising interest rates is low. (Duration is a measure of bond risk. VBIRX’s duration of 2.6 years implies that a 1-percentage-point rise in interest rates would mean a short-term capital loss of about 2.6% for the fund. And vice versa: A 1-point rise should result in a 2.6% gain for VBIRX.)

Like the other Vanguard funds on the list, VBIRX has a $3,000 minimum initial investment. If this is an issue, the same strategy can be followed via the Vanguard Short-Term Bond ETF (BSV), which charges 0.04% annually and trades for around $75 per share.

* An SEC yield reflects the interest earned across the most recent 30-day period. This is a standard measure for funds holding bonds and preferred stocks.

Learn more about VBIRX at the Vanguard provider site.

Related: 11 Best Non-Stock Investments [Alternatives to the Stock Market]

FAQs About Vanguard Index Funds


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What are Vanguard Target Retirement Funds?

If you are new to investing and looking for a simple, hands-off way to get started, a Vanguard Target Retirement Fund could be a good option.

Investing in mutual funds isn’t difficult, but it does require your attention. You should regularly check your allocation to make sure that the risk you’re taking is appropriate for your age and stage of life. You generally don’t want to be too heavy in stocks later in life, as you won’t have time to recover any potential losses. And you generally don’t want to be too heavy in bonds early in your career because you’re unlikely to keep pace with inflation. Ideally, you follow a glidepath from a more aggressive to a more conservative portfolio over the course of your investing life.

Well, Vanguard Target Retirement Funds do that for you, making them particularly good options for beginners.

Target-date funds start out by compiling their holdings with a specific retirement date in mind, then they adjust the asset allocation as we get closer to that date. A target-date fund with decades until the retirement date will generally be heavy in stocks, whereas a target-date fund very close to its retirement year will generally be a moderate balance of stocks and bonds.

Let’s say you’re 22 years old, fresh out of school, and looking to retire around the age of 70. You’d hit that age in the year 2070, which would make the Vanguard Target Retirement 2070 Fund (VSVNX) an appropriate option. But let’s say you’re 42. You’ll likely be retiring around the year 2050, so rather than buy VSVNX, you might instead opt for its sister fund, the Vanguard Target Retirement 2050 Fund (VFIFX).

You don’t have to get the year exactly right here, as we don’t necessarily know decades ahead of time the precise day and time we intend to retire. Being within a three- to five-year window will generally get you close enough. The key is simply to find a target-date fund that aligns fairly closely to your expected retirement date and allow the glidepath to do the work for you.

Why does a fund’s expense ratio matter so much?

Every dollar you pay in expenses is a dollar that comes directly out of your returns. So, it is absolutely in your best interests to keep your expense ratios to an absolute minimum.

The expense ratio is the percentage of your investment lost each year to management fees, trading expenses and other fund expenses. Because index funds are passively managed and don’t have large staffs of portfolio managers and analysts to pay, they tend to have some of the lowest expense ratios of all mutual funds.

This matters because every dollar not lost to expenses is a dollar that is available to grow and compound. And over an investing lifetime, even a half a percent can have a huge impact. If you invest just $1,000 in a fund generating 5% per year after fees, over a 30-year horizon, it will grow to $4,116. However, if you invested $1,000 in the same fund, but it had an additional 50 basis points in fees (so it only generated 4.5% per year in returns), it would grow to only $3,584 over the same period.

YATI expense ratios matter

What is the minimum investment amount on a Vanguard fund?

Vanguard funds are known for being shareholder-friendly. The Vanguard mutual fund company blazed new trails with the index fund, and Vanguard has done more than any other investment firm to keep costs to a minimum for investors.

But there is one hitch. Many of Vanguard’s cheapest funds in terms of fees have initial investment minimums of around $3,000.

If that is a problem for you, don’t sweat it. Most popular Vanguard index funds are also available as ETFs. Most brokers will allow you to buy as little as one share, and some even allow for fractional shares. And if you use a commission-free brokerage, you can buy those ETFs without incurring additional fees.

ETF prices vary, of course, but many cost less than $100, and they rarely exceed $400 per share.

Related:

Charles Lewis Sizemore, CFA is the Chief Investment Officer of Sizemore Capital Management LLC, a registered investment adviser based in Dallas, Texas, where he specializes in dividend-focused portfolios and in building tax-efficient alternative allocations with minimal correlation to the stock market. He is also a Portfolio Manager of the Blue Orbit Capital Fund I, LP and the Blue Orbit Multi-Strategy Fund, LP.

Charles is a frequent guest on CNBC, Bloomberg TV, and Fox Business News, has been quoted in Barron’s, The Wall Street Journal, and The Washington Post, and is a frequent contributor to Forbes, GuruFocus, MarketWatch, and InvestorPlace.com.

He holds a master’s degree in Finance and Accounting from the London School of Economics in the United Kingdom and a Bachelor of Business Administration in Finance with an International Emphasis from Texas Christian University in Fort Worth, Texas, where he graduated Magna Cum Laude and as a Phi Beta Kappa scholar. Charles is a CFA Charterholder in good standing.

Charles lives with his wife Maria Jose, his sons Charles and Ian, and his daughter Gabriela and enjoys regularly traveling to his wife’s native Peru.