Mr. Hobo Millionaire

Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)

You’ve heard the saying “don’t put all of your eggs in one basket” (because if you drop the basket, all of the eggs break, and you lose all of them). What I’m about to discuss is about having one egg in one basket… the difference is… when the egg breaks… it breaks into ~3600 little eggs. That one egg is VTI. It’s technically not a stock, but an ETF (a fund that you can buy and sell as a stock). It’s managed by Vanguard (and I use the word “managed” loosely). VTI is also known as a mutual fund under VTSAX (3K initial investment). Note there used to be a VTSMX with a 3K initial investment and slightly higher fees, but Vanguard did away with VTSMX and now there is only VTSAX (it’s all the same, and all VTSMX holdings were converted to VTSAX).  Now let’s get back to discussing this one egg concept…

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A Very Basic Intro to Investing and the Stock Market

First and foremost, I want you to remember this one thing from this article, even if you don’t remember anything else… YOU need to know and understand YOUR money and investments.

  • Never stop reading and studying about money and investing.
  • Do not depend on others to handle your money.
  • No one will put your interests first like you.

An investment in knowledge pays the best interest.

Benjamin Franklin

A knowledge of investment builds wealth.

Mr. Hobo Millionaire

With that said, here’s a few basic terms and things to understand about investing and the stock market…

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