Erster Fonds der Welt knackt die Billionenmarke finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
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by Tom Konrad Ph.D., CFA
The most popular way we have to save for our children’s future education is destroying their future.
A 529 savings plan is a tax-advantaged savings plan designed to help pay for education. There are also prepaid tuition plans set up under the section 529 tax rules, but this article is focused on 529 savings plans, and will be what I mean by “529 plans” for the rest of the article.
The money in 529 plans can be used for college as well as K-12 education, apprenticeship programs, and paying off some student debt. Savings plans grow tax-deferred, and withdrawals are tax-free if they’re used for qualified education expenses. Each state (and DC) has its own 529 plan, but you don’t have to live in a state to participate. Many states offer additional tax benefits to local residents.
(Representative image)
NEW DELHI: A Vanguard Group equity fund has become the first of its kind to eclipse $1 trillion of assets, a testament to the rise of index-based investing over the past three decades.
Vanguard Total Stock Market Index Fund, which includes both a mutual fund and an exchange-traded fund, had $1 trillion of assets as of November 30, company data show.
“Given that Vanguard birthed index investing, it seems only fitting that one of their flagship funds would be the first to reach this historic mark,” said Nate Geraci, president of the ETF Store, an investment advisory firm.
While soaring US stocks are fueling the fund, it’s also being bolstered by falling fees, a trend stoked by Vanguard, a pioneer in low-cost passive investing.
Vanguard Total Stock Market Index Fund Becomes World’s First Trillion Dollar Stock Fund
Posted on 12/16/2020
Vanguard Total Stock Market Index Fund, which includes both a traditional open-ended mutual fund and an exchange-traded fund (ETF), had US$ 1,035,112,935,440of assets as of November 30, 2020, company data show. The index equity fund is the first of its type to surpass US$ 1 trillion in assets. The Vanguard Total Stock Market Index Fund was created in 1992, with the corresponding ETF following in 2001. By the end of 1992, Vanguard Total Stock Market Index Fund had US$ 512 million in assets. The fund has never had a year of outflows.
Vanguard Total Stock Market Index Fund tops $1 trillion pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.