Hi,

I have $10K I'd like to put into two mutual funds...Vanguard's VTSMX ($7k) and Vanguard's VGTSX ($3K).  Furthermore, I like to make monthly automatic investments of $500 into each of them.  These would not be tax deferred accounts.

This is my first venture into mutual funds.  I am relatively conservative which is  why I am choosing the index funds, but would entertain other options.

Also, would I be better off opening a brokerage account with TDameritrade, Schwab, etc or just invest soley with Vanguard?

Is this a wise move?  I am semi-retired at 55 and can afford these amounts.

Thanks!

Ron