Can You Invest in Vanguard Mutual Funds & ETFs on Robinhood?
If you are trading at Robinhood and want to invest in Vanguard Mutual Funds and ETFs, you’ll be able to meet part of your goal. Robinhood offers its investors access to several popular Vanguard ETFs in an effort to help traders take advantage of the high liquidity and broad market access that ETFs provide.
Keep reading to learn what Robinhood has to offer and how the broker compares to another, commission-free broker.
Vanguard Mutual Funds on Robinhood
Robinhood does not offer mutual funds. At all. The broker only offers investing in stocks, ETFs, options, and
a few cryptocurrencies. To invest in Fidelity and Vanguard mutual funds, we recommend
Firstrade (more about it later).
Investing in ETFs at Robinhood
Robinhood makes investing accessible in many ways. Everything from the Instant Deposits to the Fractional Shares to the simplified trading interface come together to create an investment experience that nearly everyone can take part in.
One standout feature is the broker’s inclusion of Vanguard ETFs. ETFs offer many advantages
over stocks as they are ‘baskets’ of stocks. Each ETF is a unique collection of stocks that share some key features.
ETFs can be comprised of stocks that represent an industry or sector, and they can include a diverse selection of stocks to cover the broader market. ETFs can also include things like dividend stocks, emerging markets, and foreign companies.
Vanguard ETFs Available at Robinhood
At Robinhood, there are a few select Vanguard ETFs to take advantage of.
Here is a short description of each to help you decide which might be best for your investment needs:
VOO (Vanguard S&P 500 ETF) on Robinhood
This ETFs includes a lineup of the 500 most influential companies in the U.S. Stock Market. VOO includes companies like Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Tesla (TSLA), Google (GOOGL), Berkshire Hathaway (BRK.B), and many more.
Open Robinhood Account
VTI (Vanguard Total Stock Market ETF) on Robinhood
This ETF is similar in many ways to VOO as it tracks the general stock market. The main difference between VTI and VOO is that VTI tracks the entire market – not just the top 500 companies.
VEA (Vanguard FTSE Developed Markets ETF) on Robinhood
The VEA ETF is a Foreign Large Blend ETF. This is an excellent choice for anyone looking to include global diversification into their investment strategy. VEA tracks global companies of various sizes and from several sectors. Popular companies included in this ETF include, Nestle (NSRGY), ASML Holding (ASML), Toyota (TM), AstraZeneca (AZN), and Shopify (SHOP).
VWO (Vanguard FTSE Emerging Markets Fund ETF) on Robinhood
VWO offers access to several major companies in emerging markets. Names like Tencent (TCHY), Alibaba (BABA), and Taiwan Semiconductor Manufacturing (TSM) are a few of the top companies included in the VWO ETF.
VNQ (Vanguard US REIT Fund) on Robinhood
If you are looking for a way to invest in real estate, Vanguard’s REIT fund tracks the most influential US companies in the Real Estate sector.
BND (Vanguard Total Bond Market ETF) on Robinhood
As the name suggests, Vanguard’s BND ETF allows investors to trade shares tracking the value of several mid- to long-term bonds.
Open Robinhood Account
Buy Vanguard Fund on Robinhood
Once you find a Vanguard ETF that you want to invest in, there are a few choices to make. Robinhood provides several order types. You’ll see market orders, limit orders, stop loss orders, and options to choose your preferred time in force (Day/GTC).
Decide whether you would like to buy shares of the ETF or a dollar amount (fractional shares), and then all that is left is to send the order.
It is also possible to purchase options for Vanguard ETFs. You may create strategies with simple calls and puts or combine multiple options to create a complex approach. Either way, Robinhood offers the functionality that you need to trade shares and options for some of Vanguard’s most popular ETFs.
Best Alternative to Robinhood for Vanguard ETFs and Index Funds
Robinhood is a good platform for limited Vanguard ETF investing. However, for anyone looking
for a greater selection of Vanguard Funds, Firstrade should be a top consideration.
Firstrade offers a greater number of ETFs than Robinhood, giving investors even more choice when
it comes to how they can diversify. Where Firstrade shines, however, is in its focus on mutual
funds. There are 181 Vanguard mutual funds available on Firstrade. And all of these mutual funds
have $0 commission!
Open Firstrade Account
Open Firstrade Account
Updated on 1/26/2022.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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