Vanguard Index Fund AU and US 2019?

Buffet has said he would leave/suggested his investment would be in a Vanguard wholesale fund when he dies.
As no one continually beats the index over long term.

In America
The lowest cost Vanguard index fund is the VFIAX
Fees are 0.04%
$3k min

In Australia
Vanguard Index fund is the VAN0002AU
Fees 0.16%
Now it says $500k to enter but people posting $100k will get you in?

Is the above correct?

I don't want ETF comments in this thread.

If money in America and Australia would you sell shares and invest in both?

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Comments

  • +2 votes

    This post makes no sense "If money in America and Australia would you sell shares and invest in both?"

    If you have 500k to invest in the market i wouldnt be asking OZbargin for advice

    • +7 votes

      I would, we are professionals.

    •  

      Don't underestimate this open communities advice.
      Ozbargain is like Bigbird, the Count, and the Grouch all rolled into one.

      •  

        Not saying I haven't read good advice from OzBargain but I've also read some TERRIBLE advice

        But in the end of the day it is 'free advice' and like most things in life you get what you pay for

        500k is a lot of money to throw into an investment even if it is a traditionally solid fund i wouldnt be asking people that are commenting on a very poorly worded post online.

        Id say if you investing north of 250k it is worth paying 2-4k for professional advice…in the long run bad advice will cost you more then a few grand

  • +2 votes

    On paper and in the PDS the minimum is $500,000. However, they will happy accept $100,000; without need of regular investment plan

    Source: Spoken and called them up to confirm above

  • -1 vote

    Well have both money and shares in both countries.
    Sell American shares more money to invest…
    Like wise in Australia.

  • +3 votes

    Buffet has said he would leave/suggested his investment would be in a Vanguard wholesale fund when he dies.

    No, he said he'd invest in Vanguard's S&P500 fund.

    Sorry can't answer the rest of the gobblediegook

  •  

    So that is not possible now, "No, he said he'd invest in Vanguard's S&P500 fund."
    Which is the closest available?

    Edit: So it seems: Vanguard S&P 500 Mutual Fund
    To buy the Vanguard S&P 500 Mutual Fund, you must purchase shares directly from the fund company. At Vanguard.com, you'll have to open an account first. Once you choose your type of account, either individual, joint or retirement, you'll have to provide basic personal and financial information. Fund your account by either mailing a check or making a deposit electronically.

    The minimum purchase for the Vanguard S&P 500 Mutual Fund is $3,000, or $2,000 if you are buying the fund in an educational savings account, where the minimum is $2,000. Additional purchases can be made for as little as $100. You can set up future automated purchases by linking your bank account. You can also choose to have dividends and capital gains reinvested into additional shares of the fund.

    The Vanguard S&P 500 Mutual Fund has an expense ratio of just 0.14 percent,

  •  

    If you don't want EFT comments then you should get the letters in the right order

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