VOO is the ******* umed default for 73 million Trump Accounts, but SPYM's 0.02% fee undercuts VOO's 0.03% for an essentially identical fund.
A 1 basis point fee gap yields roughly $9 extra per account over 18 years, but scaled across 73 million accounts the aggregate savings become material.
Switching from VOO to SPYM inside a Trump Account triggers no capital gains tax and requires only a ticker change at the custodian.
Don't wait: the ******* yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The Trump Account proposal would auto-open a tax-advantaged brokerage account for every child in America, and Washington is reportedly steering all ~73 million of those default accounts into a single S&P 500 index fund with a fee cap of 0.10%. The politically obvious pick is Vanguard S&P 500 ETF (NYSEARCA:VOO), the retail investor's household name for cheap large-cap exposure. VOO owns the same 500 companies as every other S&P tracker, charges next to nothing, and has become the default answer whenever someone asks where to park long-horizon money. If the government picks VOO, the choice is uncontroversial. A cheaper, functionally identical option is also available.
#identical
A 1 basis point fee gap yields roughly $9 extra per account over 18 years, but scaled across 73 million accounts the aggregate savings become material.
Switching from VOO to SPYM inside a Trump Account triggers no capital gains tax and requires only a ticker change at the custodian.
Don't wait: the ******* yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The Trump Account proposal would auto-open a tax-advantaged brokerage account for every child in America, and Washington is reportedly steering all ~73 million of those default accounts into a single S&P 500 index fund with a fee cap of 0.10%. The politically obvious pick is Vanguard S&P 500 ETF (NYSEARCA:VOO), the retail investor's household name for cheap large-cap exposure. VOO owns the same 500 companies as every other S&P tracker, charges next to nothing, and has become the default answer whenever someone asks where to park long-horizon money. If the government picks VOO, the choice is uncontroversial. A cheaper, functionally identical option is also available.
#identical
6 days ago
