Morningstar going further downhill. In a broad sense, it doesn't matter why the cancellation went through. The fact that any order can be cancelled is enough to disprove the assertion that no orders can be cancelled.
To address your speculation, I just cancelled another order 1/4 hour after submitting it. Anticipating additional theories, the first cancellation was done while the market was closed, the latter done while the market was open. We could go on guessing about this change in policy, but it is clearly real. Things change.
Reps go beyond what I was responding to - criticisms about the website. Vanguard's website is certainly less feature rich than the websites of many other brokerages. It's not a good match for active stock traders. Isn't that what one expect of a Vanguard site? :-)
To touch on reps and offices briefly ... Fidelity assigned me a rep
years ago even though I told them I was not interested. They've since rotated me through a few reps. Without notice. When I upload material to Fidelity, it's personally tracked by whomever I speak with. And they get back to me. I never deal with my rep, though occasionally I do work with his "team".
When I need a medallion guarantee, I can walk into my local Fidelity office and have it handled on the spot. I tried that at my local Schwab office (much more convenient, just four blocks away), and they offered to send it internally to another office somewhere to stamp the documents and then return them to me. Of course Vanguard has no local offices (or really, any retail offices at all,
or do they?).
Morningstar going further downhill. I wonder if you were able to cancel fund order because you did it in a few seconds. The last time I tried to cancel an order, even before the market was open, Vanguard rep told me NOT ALLOWED.
The entire website at Vanguard is clunky and inefficient. Fidelity has far better stock trading screen and graphs. Vanguard won't download trades to Quicken for three days, but Fido and Schwab do it at least at end of day one.
My biggest complaint about Vanguard is that even for Flagship and up customers, ie folks with substantial assets, they have eliminated a personal contact. I assume if you pay their fee you get one but I don't want to pay for something as simple as having someone to call for issues about checks and transfers.
Even when they used to provide them, they switched them off frequently, and just as soon as you got used to one person, they were gone.
Schwab has provided us with the same rep for years, and he is in an office you can visit if you want. We have their direct line and even though the web page says mail stuff to central office, our rep says no mail it to me and I will facilitate it.
Fidelity keeps insisting we need to sign up with a rep, but we haven't felt we needed one there yet.
Infrastructure Bill Moves Forward Trying to keep track of this. Please add your readings.
Here's one from WSJ (Embedded Video Accessible w/o subscription):
The bipartisan infrastructure bill is unlikely to have a big impact on growth in the next few years, economists say. Longer term, though, investments in highways, ports and broadband could make the economy more efficient and productive.
articles/infrastructure-bills-boost-to-economy-is-likely-to-be-limited
Morningstar going further downhill. I think we're largely in agreement, that "their website could be improved". It's adequate for the essential stuff (buying/selling funds) but there are significant areas for improvement on the nice-to-haves. I certainly wouldn't use it as my primary brokerage. Remember too that Vanguard only ever offered cash management services (Vanguard Advantage) to its Voyager Select and above customers. Even that
it eliminated two
years ago.
Still, it has gotten better in some ways. BobC was emphatic in his criticism of Pershing as a clearing house, and there seemed to be nearly universal acclaim when
VBS went to self-clearing. And one is able to buy Vanguard mutual funds through its brokerage, something that was formerly unsupported. Now if Vanguard would only let you do that through the same interface as for non-Vanguard funds.
Half a cake is better than none?
Changes at the Walthausen Funds That IS a good song, Crash; haven't heard it before. Naturally, that was THE racquet back in the day (along with the Dunlop Maxply Fort). Semi-replaced by the Wilson Prostaff/Prostaff II and the Bancroft (Winner?). Owned them all for many years; good times!
Changes at the Walthausen Funds I might be letting my imagination run away with me here, but a sudden announcement regarding a person getting along in years does NOT sound encouraging from a health pov. I would tend to suspect that he is unable to continue rather than unwilling.
morningstar Morningstar must still be asleep this morning...
Yep. And they joined the ranks of Vanguard.
Morningguard? Vangstar?
For
years I have used Yodlee on Vanguard to aggregate my Schwab account. Worked great. For the past few months, I can't get it to refresh and update. It seems that 2FA is the problem. I can't even get Vanguard to acknowledge that there is a problem, although they can clearly see that my refresh failed! They are too busy paying their employees $1,000 each to get vaccinated instead of concentrating on their clients needs.
Morningstar going further downhill. Hi
@BenDo you have an investment account at Fidelity and/or have experience with their inclusive brokerage feature?
Thank you.
Hi catch 22,
No I have had no dealings with Fidelity. Nothing against them, it just never happened. I have never used a brokerage for mutual funds except in assisting my wife with her 401k before she retired. Over the
years there were several brokerages used, all of which were clumsy and difficult to use but which were positively ELEGANT compared to the Vanguard brokerage.
Changes at the Walthausen Funds Walthausen I believe is fairly up there age wise. His site describes him as having been in the business over 40
years. Here's a photo from ten
years ago:

The Era of Cheap Natural Gas Ends as Prices Surge by 1,000% Demand meets supply in a greening marketplace.....
Natural gas, used to generate electricity and heat homes, was abundant and cheap during much of the last decade amid a boom in supply from the U.S. to Australia. That came crashing to a halt this year as demand drastically outpaced new supply.
....there is a growing consensus that the world is facing a structural shift, driven by the energy transition.
With few other options, the world is expected to depend more on cleaner-burning gas as a replacement to coal to help achieve near-term green goals. But as producers curb investments into new supply amid calls from climate-conscious investors and governments, it is becoming apparent that expensive energy is here to stay.
....the green movement could disrupt the delivery of adequate and affordable supply to consumers
The midstream investments I made last year (mostly for their income production) are still making sense to me today. Perhaps that will continue to be the case for a few
years??? The transition era marketplace dynamics are interesting to watch.....
The Era of Cheap Natural Gas Ends
Morningstar going further downhill. Anyone who's actually PAYING M* for Premium service is getting robbed.
How long have many of us been saying that? Gotta be at least 5
years now....
TSMRX No Hedge Fund Holding Now? SO far so good with TMSRX but I didn't join the party until last fall.
I agree MERFX is disappointing, although I have owned it for years. This recent drawdown is one of the worst ever, especially in a rising market, and I really wonder if they are out over their skis.
While this loss ( 3-4% ) pales in comparison to some of the hits other alternative funds have suffered, I wonder if it is tie to sell. MERFX was supposed to provide a quiet 1-3% return without a lot of excitement
If the recent merger blowup was responsible, they must have had a large position
How to Break Down Health Care Costs in Retirement - TRowePrice Study
A very good piece that mentions many of the gotchas often omitted. For example, articles often note that HSA account money can be used to pay for Medicare premiums, but they don't clarify that one cannot use HSA money for Medigap premiums. This piece got it right.
This leads to a (weak) argument in favor of Medicare Advantage plans. MA plans can provide coverage (e.g. an out of pocket cap) similar to Medigap plans. And you can pay for their premiums with HSA money, unlike Medigap premiums.
There is a related gotcha that was omitted. You can only use money from your HSA to pay for Medicare premiums if you are over age 65. That may sound like a nobrainer, but you could have Medicare at an earlier age, or you might be paying your spouse's Medicare premiums while you yourself are still under age 65.
One detail that it got wrong is:
Unlike tax brackets, the [IRMAA] thresholds don’t automatically change with inflation.
But they do automatically change:
Starting on January 1, 2020, the threshold amounts will resume adjustment for inflation
20 CFR § 418.1105(c) That
comes from the ACA (which also suspended inflation adjustments for several
years before 2020).