Does that include target retirement funds and the like that include a mix of different asset classes? Last time I looked I didn't think it did, so you would need more than $10k if you want to do the sensible thing and not have 100% of your assets in stocks.
The target date funds seem to have a 1k minimum with an ER of 0.13-0.15%. [1] There are no admiral shares for target date funds. Across their other mutual fund offerings, investor shares generally have a similar expense ratio to the target date funds with a 3k minimum.
When I was getting started, it took awhile before I was diversified beyond a single fund (currently not using the target date funds), then eventually getting up to admiral shares.
> Last time I looked I didn't think it did, so you would need more than $10k if you want to do the sensible thing and not have 100% of your assets in stocks.
Looking through all their target date funds, none have more than 90% stocks. The 2015-2040 funds have 60% to 15% bonds, with all later dates at 10%.
Right, target date retirement funds are never 100% stocks because only a crazy person would have a portfolio of 100% stocks.
You can't have a sane portfolio of admiral shares with only $10k because you would have to be invested 100% in a single asset class which is never a good idea.
https://investor.vanguard.com/mutual-funds/fees
> Admiral Shares
> * $10,000 for most index funds and tax-managed funds.
> * $50,000 for most actively managed funds.
> * $100,000 for certain sector-specific index funds.