Trump Accounts Are Open: 500,000 Signed Up in Days.
Here’s What the 0.10% Fee Cap Actually Lets You Buy Quick Read – SPYM charges 0.02% versus VOO’s 0.03%, delivering identical S&P 500 exposure at the lowest cost among Trump Account-eligible funds. – Switching existing VOO positions to SPYM triggers capital gains that dwarf the 50-cent annual savings on a maxed $5,000 contribution. – The Vanguard S&P 500 ETF (NYSEARCA:VOO) is the fund most retail investors reach for when they want the S&P 500 in one ticker
Treasury opened Trump Accounts on July 4, and roughly 500,000 were opened in the first few days. Contributions are capped at $5,000 a year, and eligible investments are limited to US-equity index funds with an expense ratio of 0.10% or less. VOO clears that bar easily, which is why it will be the default choice for many new account holders.
It also deserves a second look before the money goes in. Why VOO Became the Default At a 0.03% expense ratio, VOO delivers tight tracking of the S&P 500 and carries the weight of Vanguard’s brand recognition. Retail engagement has been steady, with Reddit sentiment peaking at 78, which registers as bullish, on July 10, driven largely by threads like “Is $100/week on VOO a good idea?” Performance has stayed right in line with the index it follows, coming in at 19.58% over the past year and 82.79% over five years on an adjusted basis.