Mar 29 2009
Big Fund Company - Vanguard Group
Vanguard Group Inc. is noted for its low fees and index funds. The company offers dozens of stock-index, bond-index, international-index, and money market funds. If you want to put the bulk of your investment money in index funds, it’s tough to do better. The company also offers a wide spectrum of asset allocation, target-date, and exchange-traded funds, as well as some highly rated actively managed funds. The only criticism savvy investors have of Vanguard is that its asset allocation and target-date funds tend toward the conservative side. That reduces their volatility, but can make them a little less profitable too. Otherwise, the company is widely respected and recommended. However, Vanguard requires relatively large investment minimums. You generally cannot open an account with less than $3,000 for a taxable account or $1,000 per fund for an IRA. Contact details: www.vanguard.com, (800) 523-0857 or (877) 662-7447.
