Does anyone invest through Vanguard?

[Atvar]

I started a Roth IRA over the summer with Edward Jones and to be quite honest, the advisor there annoys the hell out of me. He seems more like a used car salesman. I see that Vanguard has an easy way to transfer a Roth IRA. Just looking for opinions and experiences of anyone here who might use them. Thanks

 

[gopunk]

i transferred part of my roth ira from ameritrade to them, no problems...

 

[DaVortex]

I use Vanguard for my Roth IRA, they are definately the best.

 

[DaveSimmons]

I have and recommend their VFINX fund, but my accounts are at Schwab.

 

[FlyLice]

VBK small cap growth vipers are the bomb.

Vanguard has reputation for having very low expense ratio.

 

[Atvar]

No negatives so far...I guess thats a good sign hehe.

 

[Davegod75]

roth ira's are great though them...no fees if above 5k

 

[DaveSimmons]

Originally posted by: Davegod75
roth ira's are great though them...no fees if above 5k

...which you could reach by contributing $3K for 2004 and $2K for 2005 (adding more later if you want)

 

[ttown]

Have about 1/2 my ira stuff there.

Good fund family known for low mutual fund expenses.

Don't know about customer-service or advisors -- never needed to use them.

I'd definately recommend them for people that can manage their own $$$.

I'd also and almost equally recommend Charles Schwab and T.Rowe Price

I don't remember what each companys minimum acct. size is to avoid fees -- If you're just starting, that may be a minor factor.

 

[Atvar]

I'd also and almost equally recommend Charles Schwab and T.Rowe Price

My 401K is through TRowe Price. Never had a problem with them either. I am just starting so a fee could become an issue, but not a great one. Time to check into vanguard's fee hehe

 

[Dunbar]

Only downside is they frown upon moving your money around a lot. So if you're a timer than don't use Vanguard.

 

[DaveSimmons]

Originally posted by: Dunbar
Only downside is they frown upon moving your money around a lot. So if you're a timer than don't use Vanguard.

Right. Vanguard is the place to buy and hold their own mutual funds like VFINX, not the place to trade stocks.

 

[AtlantaBob]

Hmm... no serious problem, although if you've just started an IRA (like myself) and have less than $10,000, they charge you an annoying $2.50 per quarter until you're above $10,000. Wouldn't be so annoying except that they take it out of the principal that you invested with them, instead of just sending you a bill. Customer service said "sorry, that's just the way we do it."

Yeah, it's $10/year, and it's not all that much, but it's the principle of the thing, dangit.

Other than that, and if you don't have to deal with the annoying people on the phone... fine so far. And nice to know that they weren't implicated in lots of the market-timing/after-hours trades that some other houses were cought up in.

 

[DainBramaged]

Dad has his retirement account with them and he loves it.

 

[skim milk]

Originally posted by: AtlantaBob
Hmm... no serious problem, although if you've just started an IRA (like myself) and have less than $10,000, they charge you an annoying $2.50 per quarter until you're above $10,000. Wouldn't be so annoying except that they take it out of the principal that you invested with them, instead of just sending you a bill. Customer service said "sorry, that's just the way we do it."

Yeah, it's $10/year, and it's not all that much, but it's the principle of the thing, dangit.

Other than that, and if you don't have to deal with the annoying people on the phone... fine so far. And nice to know that they weren't implicated in lots of the market-timing/after-hours trades that some other houses were cought up in.

are you referring to vanguard?
isn't the min to avoid fees for vanguard 5,000?

 

[gopunk]

Originally posted by: AtlantaBob
Hmm... no serious problem, although if you've just started an IRA (like myself) and have less than $10,000, they charge you an annoying $2.50 per quarter until you're above $10,000. Wouldn't be so annoying except that they take it out of the principal that you invested with them, instead of just sending you a bill. Customer service said "sorry, that's just the way we do it."

Yeah, it's $10/year, and it's not all that much, but it's the principle of the thing, dangit.

Other than that, and if you don't have to deal with the annoying people on the phone... fine so far. And nice to know that they weren't implicated in lots of the market-timing/after-hours trades that some other houses were cought up in.

just about every firm has fees like that, vanguard is one of the cheaper ones

 

[Turkish]

Vanguard : :thumbsup: