What brokers can you buy VTI On?LAST UPDATED: August 18, 2023 | By Conrad Golly
Are you interested in investing in VTI but unsure which brokers offer it? You’re not alone. Many investors want to diversify their portfolio with VTI, but they’re not sure where to buy it. What brokers can you buy VTI On?
The good news is that there are several brokerages that offer VTI as an option. Investors can buy VTI through many popular brokerages, including, M1 Finance, Robinhood, Vanguard, Charles Schwab, Fidelity, TD Ameritrade, and E-Trade. Each brokerage has its own fees and commissions, so it’s essential to do your research before choosing a brokerage.
Some brokerages may offer VTI with no commission fees, while others may charge a fee per trade. Keep in mind that fees can add up, so it’s important to choose a brokerage that aligns with your investment goals and budget.
What brokers can you buy VTI On?
If you’re looking to invest in VTI, you’ll be pleased to know that there are several brokers you can buy it on. Here are the top brokers that you should consider:
Top Brokers for Buying VTI
- M1 Finance: This is the best choice, its simple as pie… its a stock pie joke, and its automatic.
- Vanguard: This is the obvious choice, as VTI is a Vanguard ETF. Buying directly from Vanguard is commission-free and can save costs compared to other brokerages.
- E-Trade: E-Trade is another great option for buying VTI. They offer commission-free trades on stocks and ETFs, and their trading platform is user-friendly.
- TD Ameritrade: TD Ameritrade is a popular brokerage that offers commission-free trades on stocks and ETFs, including VTI. They also have a great trading platform and excellent customer service.
- Fidelity: Fidelity is another top broker that offers commission-free trades on stocks and ETFs, including VTI. They also have a great mobile app that allows you to trade on the go.
- Schwab: Schwab is a well-known brokerage that offers commission-free trades on stocks and ETFs, including VTI. They also have a great trading platform and excellent customer service.
Other Brokers to Consider
- Robinhood: Robinhood is a popular commission-free trading app that allows you to buy and sell stocks and ETFs, including VTI. However, their trading platform is not as robust as some of the other brokers on this list.
- Interactive Brokers: Interactive Brokers is a popular brokerage that offers commission-free trades on stocks and ETFs, including VTI. However, their trading platform is more geared towards experienced traders.
- Third-Party Brokers: There are also several third-party brokers that allow you to buy VTI, such as Ally Invest and Charles Schwab. However, it’s important to do your research and make sure that the broker is reputable and offers competitive pricing.
There are several brokers you can buy VTI on, and each one has its own pros and cons. It’s important to do your research and choose the broker that best fits your needs and investment goals.
VTI: What You Need to Know
What is VTI?
VTI is an ETF (exchange-traded fund) that tracks the performance of the CRSP US Total Market Index. This index includes almost every publicly traded company in the United States, making VTI a great option for diversification.
Over the past 10 years, VTI has had an average annual return of around 16%. However, keep in mind that past performance does not guarantee future results.
VTI’s holdings include a mix of large-cap, mid-cap, and small-cap stocks, as well as some REITs (real estate investment trusts). Some of its top holdings include Microsoft, Apple, and Amazon.
VTI’s Expense Ratio
VTI has a very low expense ratio of 0.03%, which means that for every $10,000 you invest, you’ll only pay $3 in fees per year.
VTI vs. Other ETFs
When compared to other ETFs, VTI stands out for its low expense ratio and diversification. However, it’s important to research and compare different ETFs to find the one that best fits your investment goals and risk tolerance. Some popular alternatives to VTI include the Vanguard Total Stock Market Index Fund ETF (VTSAX) and the Vanguard S&P 500 ETF (VOO).
Overall, VTI is a great option for investors who want to diversify their portfolio and invest in the stock market with low costs and low risk. Whether you’re a seasoned investor or just starting out, VTI is definitely worth considering for your investment portfolio.
Buying VTI: What You Need to Know
If you’re interested in buying VTI, there are a few things you need to know before you get started. In this section, we’ll cover the basics of how to buy VTI, its cost, and its dividend yield.
How to Buy VTI
You can buy VTI on several brokerages, including Robinhood, TD Ameritrade, Charles Schwab, and Fidelity. Most of these brokers allow you to buy fractional shares of VTI, which can be helpful if you don’t have enough money to buy a full share. However, keep in mind that buying VTI directly from Vanguard is commission-free and can save costs compared to other brokerages.
To buy VTI, you’ll need to open an account with a brokerage that offers it. Once you’ve opened an account, you can search for VTI and place an order to buy it.
As of May 31, 2023, one share of VTI costs $208.36. There is no minimum to buy VTI, but you do have to purchase a full share. Because VTI is an ETF, it trades openly on the stock market, so its price can fluctuate throughout the day.
VTI’s Dividend Yield
VTI has a dividend yield of around 1.5%. This means that for every share of VTI you own, you’ll receive around $3.12 in dividends per year. Keep in mind that VTI’s dividend yield can change based on market conditions and other factors.
If you’re interested in reinvesting your dividends, you can enroll in Vanguard’s Dividend Reinvestment Plan (DRIP). With DRIP, your dividends will automatically be reinvested into additional shares of VTI, which can help your investment grow over time.
In summary, buying VTI is a straightforward process that can be done through several brokerages. Keep in mind its cost, dividend yield, and the option to enroll in a DRIP. Happy investing!
Bottom Line: What brokers can you buy VTI On?
Congratulations! You made it to the end of the article. Now, you know that you can buy VTI on various brokerages, including Fidelity, M1 Finance, Robinhood, and Interactive Brokers.
Each of these brokers has its advantages and disadvantages, so you should consider your investment goals, preferences, and budget before choosing one.
For instance, if you want to buy fractional shares of VTI and other ETFs, you may prefer Fidelity or M1 Finance. If you want a user-friendly mobile app and commission-free trades, you may prefer Robinhood. If you want a professional trading platform and advanced tools, you may prefer Interactive Brokers.
Moreover, you may also consider other factors such as fees, customer service, account minimums, research resources, and security features.
Before you go…
- Do You Own Stocks on Interactive Brokers
- Fidelity Review
- What does unsettled funds mean on Robinhood
- Convert VTI to VTSAX