Thanks, to all of those who responded.
KyleAAA wrote:I just use the mutual fund equivalent. If you have access to DFA, they are a better option. If not, and you don't like VSS, I'm not aware of a better option than the Vanguard MF version of VSS.
Unfortunately I don't have access to DFAs. Beside, I think the expense ratio of DFA funds is on the higher side.
nydad wrote:what about sharebuilder? with the basic plan you pay $4 per transaction, so you'd pay $48/year if you invested 12 times.
I did not know that sharebuilder allowed DCA of ETFs/Stocks. Do you know what price they give you? Is it the average daily price or the max? Do they guarantee this?
livesoft wrote: You won't like my solution, but I try to buy things once or twice a year on a ReallyBadDay. In 2012, there were really only a couple of RBDs the whole year though.
I have followed your posts, so do know about your RBD strategy. However, I often go many weeks/months without watching what the market is doing. So this may not work for me.
livesoft wrote: As for using VFSVX, the purchase fee seems to paid by VSS purchasers as well. Isn't the premium to NAV for VSS also about 0.25%?
As per Vanguard (https://advisors.vanguard.com/VGApp/iip/site/advisor/investments/bidaskspread
), the average Bid-Ask spread for VSS is 0.13%.[EDIT
: This is not relevant. As livesoft pointed out, Bid-Ask spread is not the same as Premium/Discount]. In contrast, the purchase/redemption fee for VFSVX in 0.5% each in addition to higher expense ratio.
Looks like a standout alternative does not exit. Let me look at the absolute dollar impact of switching to VFSVX -- if this is small enough I will just swallow it as cost of allowing me to be disciplined.
If you have any other suggestions I am open to those.