Short Term Bonds and/or Short Duration High Yield Terminology becomes a confusing issue in these kind of threads. "Short Term Bonds" is a category of M* and permeates search functions at various brokerage houses for competing funds in that category. Short Duration/Limited Duration is often a descriptive term, in titles of various funds, and can often apply to almost any category in which duration is being emphasized. Even the term High Yield can be confusing, often describing credit status references of junk bonds, but occasionally describing the amount of yield within any category of funds. In my cash alternative account, used as an alternative to bank accounts, I often use DHEAX (from the M* category of short term bonds), but it is predominantly a securitized asset fund that is very risky for the category, but I relate to it more as a nontraditional bond oef, with short duration. I often use RPHIX/RPHYX, which M* categorizes as a High Yield bond fund, but with very short duration--one of the least volatile and smooth performing funds I own and I consider it a good alternative to the category of Short Term Bond funds which generally offers too little yield with higher investment grade bonds. (RPHIX/RPHYX has restricted/limited access) Another fund I often use for alternatives for bank accounts, is FPFIX, a short duration low risk from the nontraditional category. I prefer FPFIX over its more well known cousin, FPNIX, which is a very good and low risk short term bond category fund. (note FPNIX is in a limited access status).
With all of that said, I also use a lot of short duration bond oefs in my more risky IRA holdings, that mostly have junkier credit ratings, but often in more of a "trade" role. In 2021 I have use IOFIX, SEMMX, several FL/BR funds, etc. which often provides higher yield and higher total return. In the multisector bond category, even venerable funds like PIMIX are very short duration, along with it's PIMCO relative PEGIX. At any rate, terminology can often be confusing, so the OP may want to more specifically define what he is looking for, and what role he wants those funds to fill in his portfolio.
Asset transfers to Vanguard I replicated your test transfer several hours before you mentioned Yodlee. Only later, an hour or two after you subsequently named it as the third party did I try again. I tried again because as you noted Vanguard started providing alternative paths.
In any case, had you been able to find/follow the "Transfer an account" link, it would have taken you to:
https://personal1.vanguard.com/mmx-move-money/welcomeThe problem may be with the browser used. With the first couple of browsers I tried, the Buy and Sell page is as I described, including a "Transfer an account". With a Chrome browser, I get what's probably an older version of that page. As you said, without a "Transfer an account" link.
Using the move money link above, the Chrome browser still leads one to the Yodlee prompt, while other browsers get to the pages I previously described. Best suggestion is to try different browsers until one of them works for you.
(BTW, even from the old Buy and Sell page, the Open an Account link will take you to the same place, i.e. the move money page. For all the good that does.)
Asset transfers to Vanguard On wonders if Vanguard is listening.
As BaluBalu had not (until an hour ago) identified the third party, and because I did not recall being prompted by Vanguard to provide Yodlee any information, I started a test transfer. Sure enough, in the process a Vanguard page identified Yodlee and asked for login info for the "from" account.
I just tried reproducing that and Vanguard's site took me through a different sequence.
From MyAccounts (drop down) By & Sell, I followed the "Transfer an account" link. Next page, "Start your transfer or rollover". The next page has a radio button for type of account. I selected Roth IRA.
The next page asks whether the assets are in one's possession or at another firm (radio button). Moving on, the next page reads:
Things you'll need
- The name of the other institution.
- Your account number.
- The type of account you're transferring (e.g., IRA, individual, joint).
- The types of investments in the account (e.g., stocks, bonds, mutual funds).
Transfer process
- Complete our transfer form (10 minutes)
Give us some information about the outside account you want to transfer, and we'll guide you through the process.
- We'll initiate the transfer
Your investments will transfer in kind from your outside account to your new Vanguard account. Depending on your institution, we'll receive your assets electronically or by mail. [Emphasis added.]
- Watch for a confirmation
We'll email you status updates throughout the process as well as a confirmation when the transfer is complete.
Nothing about logins. Indeed nothing else is required.
After providing the requested info, I get to a page that recaps the information submitted (sending brokerage, account number, assets to be transferred). The step is labeled: Review and e-sign.
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Asset transfers to Vanguard We did an IRA transfer from Fidelity to Vanguard a year ago that went via ACAT, just as Observant1 described. When I spoke with Vanguard I was told that the medallion guarantee requirement originates with the sending brokerage. If they don't require the guarantee everything can be done electronically. Vanguard specifically commented that they have a good working relationship with Fidelity.
When I transferred assets to Vanguard, the Medallion Signature Guarantee requirement originated at Fidelity.
Although this caused a delay, the process helps to prevent fraud/theft which I can appreciate.
Here's a good
primer on Medallion Signature Guarantees.
Asset transfers to Vanguard @BaluBalu - I’m reluctant to offer advice on a sensitive matter like this. But here goes …
First, in transferring some funds from my credit union to Fidelity for the first time (about a month back) a message on the screen asked for my credit union user name and password. It appeared at the time to me that this was an added layer of security
required by the credit union before they would process the request from Fidelity. I supplied the requested information and the transaction was completed w/o any hassle. FWIW - I’d linked my bank several weeks earlier w/o having to do this.
Second - While I don’t recall any reference to a “third party”, I’m wondering in your case if that might be an added safeguard - so that VG would not have
100% control over the transaction. In other words, I suspect it is a trusted 3rd party serving as added / independent security measure. I could be wrong.
(Delete)
*
Another thought - Had I been worried about having provided the user name & password I’d have immediately logged in to my credit union account and changed them. Never got around to it. Not a bad idea.
Slow integration of TD Ameritrade accounts into Schwab My TDA accounts are grandfathered for a commission rate of just $15 to purchase non-NTF mutual funds such as Dodge and Cox or Vanguard. I'm waiting to see if Schwab honors that rate. (I suspect that I would lose that benefit if I transferred my TDA accounts to Schwab before the integration.)
May be call Schwab and ask the question. If they agree to honor, then transfer now to lock in; otherwise, enjoy the benefit for another 2 years. They may honor now not to lose you to a competitor who may offer large incentives to get your accounts.
What speculation? Better than Bitcoin ….. From this week’s Barron’s (11/1)
“Bitcoin investors are probably thrilled with the coin's 50% gains over the past few weeks. But that's nothing compared with the Squid Game token that popped up this past week. Pegged to an online game inspired by the hit Netflix series, the “play to earn” coin rocketed nearly 5,000% over three days, going from 12 cents to $6. It's now worth $475 million, according to CoinMarketCap.”
