FIN306 personal financial planning

An index fund is a specific type of mutual fund or ETF. In your main post, begin by defining index funds in your own words. Then, look up an index fund called the Vanguard Total Stock Market Index Fund. Briefly describe the fund and its investment objectives. Lastly, let's imagine that you had invested $1,000 in the Vanguard Total Stock Market Index Fund on the day you were born. How much money would your investment be worth today? To find out, look up the value of the fund on your birthdate and again on the day when you submit your post. Then, calculate how much your initial investment of $1,000 would be worth today. In response to at least two of your peers, you must offer a substantial response. It is not sufficient to simply agree with the original post. High-quality response posts must include one or more of the following: - compare and contrast their own takeaways to those of their classmates - predict the value of the investment in a specific period of years - identify the impact of additional time to invest - offer links to outside resources