Re: choosing an investment management firm
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To clarify for the OP: Vanguard is not an investment management firm, it's a mutual fund company. Some people here are advocating that you forget your idea of putting money with an investment management firm and just buy index mutual funds.
Index funds are for lazy people. If you're lazy, that may be the way to go. Or, you can save up in a money market fund for a year or so, and then find an investment management firm. Most of them won't take smaller amounts.
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Vanguard is an investment management firm and one of the things they do is manage mutual funds.
I will repeat what was said above because it's good advice; low fees and low taxes. Index funds or ETFs are a pretty good choice for individuals. Vanguard is a low cost manager of index funds and they also manage some of the trusts that underly ETFs. They aren't the only one, but they are a good solid representative.
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