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Rich Habits Podcast

Q&A: VFIAX, Dividend Investing, and $200K in Savings

Nov 2, 2023
The Rich Habits Podcast Q&A episode covers topics such as the differences between VOO and VFIAX, the workings of dividend ETFs, allocating $200K in savings, and starting 18-year-old kids off on the right track financially.
30:14

Podcast summary created with Snipd AI

Quick takeaways

  • VFIAX and VOO are different investment options with varying minimum investment requirements, trading frequencies, and expense ratios.
  • Investing in Bitcoin through an IRA can provide diversification, but it is crucial to understand the risks and have a long-term perspective.

Deep dives

Difference between VOO and VFIAX

VOO is the ETF for the S&P 500, while VFIAX is the index fund for the same. VFIAX has a minimum investment requirement of $3,000, while VOO allows for as little as $10. VFIAX is traded once a day, while VOO is traded in real-time. The expense ratio for VFIAX is 0.04, while VOO has an expense ratio of 0.03.

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