Transition your Vanguard account to a Brokerage Account I completely glossed over your mention of VG Flagship before. My apologies. I'm confident of this Flagship information because I recently went through getting Vanguard to clarify it:
As a Flagship customer, you get 25 free trades/year. Free (NTF) trades don't count toward that limit, but all other stock/ETF/TF fund trades do count. So if you brought over both T. Rowe Price funds and Fidelity funds, and didn't trade anything else, you'd be able to buy and/or sell the Fidelity funds 25 times without being charged a fee.
The T. Rowe Price (or Vanguard) funds wouldn't count against that limit because they're already free.
I'm just guessing, but the rep might have emphasized "buying or selling" because at Fidelity, selling TF funds is free. At Vanguard, the sells could incur fees if you were to go above your limit of 25 fee-waived trades (including TF sells as well as buys).
Note that you don't have to move your Vanguard funds into a Vanguard brokerage to get the 25 trades. You just need have enough in Vanguard funds for Flagship status regardless of how you hold them (as funds or in the brokerage).
With $
1M+ at TRP, you qualify for an even higher level of service ("Enhanced Personal") there. (No free trades, though.) Free planning services, free WSJ online subscription.
https://individual.troweprice.com/public/Retail/Products-&-Services/Select-Client-Services/Enhanced-Personal-Services
Transition your Vanguard account to a Brokerage Account Thanks for your info, MSF, but it makes me wonder whether the VG Flagship rep was just blowing me off with his response about trades, or I wasn't asking the right questions. He never did address the Living Trust issue. He could have just said that there were no fees for trading FIDO and TRP. Also, I have $1M+ in TRP funds, yet to my knowledge, they have never mentioned Enhanced Personal Services with M* premium membership and free TurboTax. I must not be reading their literature carefully! I'm going to have to revisit the Brokerage transition question again.
Buy, Sell and Ponder October 2017 @davidrmoran, I stand corrected for the right trading symbol. For tax-deferred accounts the minimum is $5K plus the $50 transaction fee. The $
100K is for taxable accounts. Certainly this is not a tax efficient vehicle for taxable accounts.
Transition your Vanguard account to a Brokerage Account
Dividend Growth Or Dividend Yield? It's closed to investors attempting to purchase it via some brokerages. The F-1 share class AFIFX can be purchased through these brokerages.
Einhorn: 'We wonder if the market has adopted an alternative paradigm' I think we can all agree that the last 10 years have been abnormal... GFC, elongated recovery boosted by QE. I have no crystal ball to tell you when things will turn, but I do believe they will and we will all be on this forum posting about our low (maybe negative) absolute returns.
Abnormal or not, but many Baby Boomers, especially the older ones, have firmly secured their retirements due to the past 10 years (or 9.5 years to be more precise) and have or are transitioning to a more conservative mode. The joys of being old! First it was the decades of the roaring 80s and 90s and then the QE driven decade. For most, no skills required, just being a full fledged participant.
True, and that's great. However, for investors still participating in the markets, we can't fall victim to the end point sensitivity here...
Mark Hulbert: The Virtues Of Long-Term Investing — And How To Live Them
Einhorn: 'We wonder if the market has adopted an alternative paradigm' I think we can all agree that the last 10 years have been abnormal... GFC, elongated recovery boosted by QE. I have no crystal ball to tell you when things will turn, but I do believe they will and we will all be on this forum posting about our low (maybe negative) absolute returns.
Abnormal or not, but many Baby Boomers, especially the older ones, have firmly secured their retirements due to the past
10 years (or 9.5 years to be more precise) and have or are transitioning to a more conservative mode. The joys of being old! First it was the decades of the roaring 80s and 90s and then the QE driven decade. For most, no skills required, just being a full fledged participant.
Einhorn: 'We wonder if the market has adopted an alternative paradigm' I think we can all agree that the last 10 years have been abnormal... GFC, elongated recovery boosted by QE. I have no crystal ball to tell you when things will turn, but I do believe they will and we will all be on this forum posting about our low (maybe negative) absolute returns.
Einhorn: 'We wonder if the market has adopted an alternative paradigm' @Ted I agree recent performance has been lackluster, but this is precisely the kind of problem value investors face in a strong bull market, especially value managers like Einhorn who can go both long and short or bet against stocks. It is also remarkably similar to what happened in the go-go
1990s to many value investors who started to lag the S&P 500. Also, eerily similar is talk of a "new paradigm" and that value investing seems not to work on disruptive tech companies. A number of value managers were fired in the
1990s, only to be redeemed in the subsequent crash.
