Comments on: Vanguard Changes Transaction Rules http://www.fivecentnickel.com/2005/08/30/vanguard-changes-transaction-rules/ personal finance tips, tricks, and commentary Mon, 22 Mar 2010 01:11:22 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: A.R.E. Silva http://www.fivecentnickel.com/2005/08/30/vanguard-changes-transaction-rules/comment-page-1/#comment-116169 A.R.E. Silva Fri, 28 Mar 2008 01:17:50 +0000 http://www.fivecentnickel.com/?p=137#comment-116169 As of December 14, 2007, American clients residing in Canada are no longer able to purchase, rollover, or exchange from their accounts. The only option left is to redeem their shares. After 32 years of building up my IRA, Vanguard, which encouraged rounding up all our accounts into Vanguard, now gives us the royal screw.This is virtual fraud! Vanguard is not recommended for Americans planning their retirement abroad. As of December 14, 2007, American clients residing in Canada are no longer able to purchase, rollover, or exchange from their accounts. The only option left is to redeem their shares.
After 32 years of building up my IRA, Vanguard, which encouraged rounding up all our accounts into Vanguard, now gives us the royal screw.This is virtual fraud!
Vanguard is not recommended for Americans planning their retirement abroad.

]]> By: The Real Returns http://www.fivecentnickel.com/2005/08/30/vanguard-changes-transaction-rules/comment-page-1/#comment-480 The Real Returns Mon, 05 Sep 2005 22:18:23 +0000 http://www.fivecentnickel.com/?p=137#comment-480 Forget about the fees going down. There is a very good potential of the capital gains taxes going down for the investors. This is a very good news for long term buy and holders. Forget about the fees going down. There is a very good potential of the capital gains taxes going down for the investors. This is a very good news for long term buy and holders.

]]> By: nickel http://www.fivecentnickel.com/2005/08/30/vanguard-changes-transaction-rules/comment-page-1/#comment-470 nickel Fri, 02 Sep 2005 16:06:23 +0000 http://www.fivecentnickel.com/?p=137#comment-470 You can still re-buy within sixty days, you just can't do it on the web or via phone, fax or wire. You can still send them a check (or instruct them to do a transfer in writing). So you can still do what you need, but the mailing part makes it impossible to use their funds for market-timing. Two weeks would probably still have the same effect, though. You can still re-buy within sixty days, you just can’t do it on the web or via phone, fax or wire. You can still send them a check (or instruct them to do a transfer in writing). So you can still do what you need, but the mailing part makes it impossible to use their funds for market-timing. Two weeks would probably still have the same effect, though.

]]> By: Ian http://www.fivecentnickel.com/2005/08/30/vanguard-changes-transaction-rules/comment-page-1/#comment-469 Ian Fri, 02 Sep 2005 15:42:30 +0000 http://www.fivecentnickel.com/?p=137#comment-469 I think this rule was incorporated to cut down on those people who conduct a lot of trades in and out of particular funds, and also to keep management fees down, but let's not forget that there are some legitimate reasons why someone may want to sell and rebuy a fund within 60 days. Maybe a more fair rule would be to forbid such trades within a two week period, or for people who have conducted X number of similar trades within a certain time period. Just an idea ... I think this rule was incorporated to cut down on those people who conduct a lot of trades in and out of particular funds, and also to keep management fees down, but let’s not forget that there are some legitimate reasons why someone may want to sell and rebuy a fund within 60 days. Maybe a more fair rule would be to forbid such trades within a two week period, or for people who have conducted X number of similar trades within a certain time period. Just an idea …

]]> By: FMF http://www.fivecentnickel.com/2005/08/30/vanguard-changes-transaction-rules/comment-page-1/#comment-444 FMF Tue, 30 Aug 2005 19:11:56 +0000 http://www.fivecentnickel.com/?p=137#comment-444 I agree with you -- good news. Doesn't impact me (from a negative standpoint) since I buy and hold for a long, long time. But if fees do go down (like Jose says), I'd REALLY love this. Especially since VG is a pretty inexpensive fund family already. I agree with you — good news. Doesn’t impact me (from a negative standpoint) since I buy and hold for a long, long time.

But if fees do go down (like Jose says), I’d REALLY love this. Especially since VG is a pretty inexpensive fund family already.

]]> By: nickel http://www.fivecentnickel.com/2005/08/30/vanguard-changes-transaction-rules/comment-page-1/#comment-443 nickel Tue, 30 Aug 2005 18:09:24 +0000 http://www.fivecentnickel.com/?p=137#comment-443 It seems more likely that fees will fail to increase, as opposed to actually decreasing. But I'm a cynic. It seems more likely that fees will fail to increase, as opposed to actually decreasing. But I’m a cynic.

]]> By: Jose Anes http://www.fivecentnickel.com/2005/08/30/vanguard-changes-transaction-rules/comment-page-1/#comment-442 Jose Anes Tue, 30 Aug 2005 16:40:01 +0000 http://www.fivecentnickel.com/?p=137#comment-442 Will probably mean less management fees. Will probably mean less management fees.

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