Olivia's 2024, W-2 statement: earnings, $XXXXX.
For Olivia, my recommendation: Vanguard Admiral shares.
Link: https://investor.vanguard.com/investment-products/mutual-funds/profile/vfiax.
Ticker symbol: VFIAX.
Balanced, large equity fund.
Minimum: $3,000 to open. Olivia earned more than enough to open a Vanguard Roth IRA.
Papa will send you a check to fully fund this Roth IRA. With some left over. Insert smile here.
Top ten holdings:
You can type in "ticker vfiax" in the Google search box and this will pop up:
How to remember the ticker symbol:
Vanguard Fund Index Admiral Mutual Fund
All mutual fund ticker symbols are five letters long.
The fifth letter is always an "X" to designate it's a "mutual fund."
The first four letters are unique to the fund.
So, Vanguard Fund Index Admiral - VFIA .... and then VFIAX.
Lower case / upper case does not matter when typing in the URL/google search.
So, again, type in: ticker vfiax.
Also interestingly enough, you don't even have to type in that much. You can simply type in vfiax.
