Is there a fund like the Vanguard S&P 500 fund that is for the

[PatboyX]

Just like the Vanguard S&P 500 fund is an investment in the entire S&P 500 listings, is there something like it that will mirror the Dow Jones average by investing in the entire Dow Jones portfolio?

Thanks for any info.

 

[FoBoT]

DJIA index funds exist

 

[GasX]

Try looking at ETFs instead of index funds.

DIA - "Diamonds" - do exactly that

Quote for "DIA"

FYI - "SPY" tracks the S&P 500 and "QQQ" tracks the Nasdaq 100

ETF pros & cons - not an enthusiastic site...
more good ETF info

 

[AmbitV]

Also you should remember that the Dow only consists of 30 components. Lets say a discount broker charges $10 bucks a trade. That's $300 to get into all 30. If you are working with a pretty nice chunk of change, that may be a cheaper alternative. But of course you will have to worry about all the reinvesting dividends and any changes to the index.

 

[GasX]

Originally posted by: AmbitV
Also you should remember that the Dow only consists of 30 components. Lets say a discount broker charges $10 bucks a trade. That's $300 to get into all 30. If you are working with a pretty nice chunk of change, that may be a cheaper alternative. But of course you will have to worry about all the reinvesting dividends and any changes to the index.

I don't think the OP or anyone else was a proponent of buying the index stocks individually...

 

[AmbitV]

Originally posted by: Mwilding

Originally posted by: AmbitV
Also you should remember that the Dow only consists of 30 components. Lets say a discount broker charges $10 bucks a trade. That's $300 to get into all 30. If you are working with a pretty nice chunk of change, that may be a cheaper alternative. But of course you will have to worry about all the reinvesting dividends and any changes to the index.

I don't think the OP or anyone else was a proponent of buying the index stocks individually...

Well if you buy all 30, that's the same thing as an index fund that mirrors the DJIA. In fact that is how some index funds work, they just buy all 30 components (or 500 for S&P).

 

[GasX]

Originally posted by: AmbitV

Originally posted by: Mwilding

Originally posted by: AmbitV
Also you should remember that the Dow only consists of 30 components. Lets say a discount broker charges $10 bucks a trade. That's $300 to get into all 30. If you are working with a pretty nice chunk of change, that may be a cheaper alternative. But of course you will have to worry about all the reinvesting dividends and any changes to the index.

I don't think the OP or anyone else was a proponent of buying the index stocks individually...

Well if you buy all 30, that's the same thing as an index fund that mirrors the DJIA. In fact that is how some index funds work, they just buy all 30 components (or 500 for S&P).

Since when is the dow the sum of the stock prices of its constituent stoks?

 

[AmbitV]

Originally posted by: Mwilding

Originally posted by: AmbitV

Originally posted by: Mwilding

Originally posted by: AmbitV
Also you should remember that the Dow only consists of 30 components. Lets say a discount broker charges $10 bucks a trade. That's $300 to get into all 30. If you are working with a pretty nice chunk of change, that may be a cheaper alternative. But of course you will have to worry about all the reinvesting dividends and any changes to the index.

I don't think the OP or anyone else was a proponent of buying the index stocks individually...

Well if you buy all 30, that's the same thing as an index fund that mirrors the DJIA. In fact that is how some index funds work, they just buy all 30 components (or 500 for S&P).

Since when is the dow the sum of the stock prices of its constituent stoks?

uhhh since the index was created? Look it up man, the DOW is a price-weighted index, so it really is just the sum of the prices of the stocks, but adjusted for stock dividends and splits.

 

[PatboyX]

so...besides the DIA, which is an ETF, is there a standard index fund from a big name brokerage that tracks the dow jones?

 

[PlatinumGold]

i'm pretty sure vanguard has a DJI Index fund.