Search found 3851 matches

by jhfenton
Wed Mar 20, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: Beta Vanguard APP
Replies: 61
Views: 3437

Re: Vanguard beta app email - legit or phishing?

The email is legitimate. I've been beta-testing the iOS beta app for a couple of months, and I received the same email offer for Android today. I have no Android devices, so it is not really relevant to me.
by jhfenton
Wed Mar 20, 2019 7:35 am
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs, Are fractional shares allowed?
Replies: 29
Views: 5099

Re: Vanguard ETFs, Are fractional shares allowed?

For an ACATS transfer between brokerages, fractional ETF shares are liquidated and transferred as cash. Unless you do something like I did once. Transferred some shares to one brokerage, and the remainder to another. The original custodian didn't know where to send the proceeds from the fractionals...
by jhfenton
Tue Mar 19, 2019 10:14 am
Forum: Investing - Theory, News & General
Topic: Time to Scrap 'Emerging Markets'? WSJ article
Replies: 38
Views: 4330

Re: Time to Scrap 'Emerging Markets'? WSJ article

An argument could be made that "China" is at 50% in the Emerging Market Index Fund - IF you include Taiwan. The countries are not linked politically (some may contest that assertion), but they, certainly, are strongly linked economically. Emerging Mkts Stk Idx Adm Market allocation (% of common sto...
by jhfenton
Tue Mar 19, 2019 10:04 am
Forum: Investing - Theory, News & General
Topic: Vanguard ETFs, Are fractional shares allowed?
Replies: 29
Views: 5099

Re: Vanguard ETFs, Are fractional shares allowed?

AlwaysaQ wrote:
Tue Mar 19, 2019 9:37 am
Has anybody converted a mutual fund to it's ETF and then moved the whole shares to another investment house? If so, what happened to fractional shares then?
For an ACATS transfer between brokerages, fractional ETF shares are liquidated and transferred as cash.
by jhfenton
Tue Mar 19, 2019 10:00 am
Forum: Personal Investments
Topic: What is your U.S./ex-U.S. stock allocation?
Replies: 84
Views: 2664

Re: What is your U.S./ex-U.S. stock allocation?

grabiner wrote:
Mon Mar 18, 2019 6:44 pm
I am 50/50, and have been at that ratio for years. I overweight emerging markets because they have lower correlation with the rest of my portfolio.
+1 50 US/25 Developed (mostly small)/25 EM
by jhfenton
Fri Mar 15, 2019 7:20 am
Forum: Personal Investments
Topic: Wash Sales - Managed Account and Personal Brokerage Account
Replies: 25
Views: 784

Re: Wash Sales - Managed Account and Personal Brokerage Account

As Nate79 said, Fidelity is wrong. Fidelity won't report any wash sales based on transactions occurring in separate accounts, not even between two accounts at Fidelity. But you are still responsible for figuring it out and reporting it. That is a very good reason to use different funds in your perso...
by jhfenton
Thu Mar 14, 2019 7:27 am
Forum: Personal Investments
Topic: FVSUX vs. VCSH, FVIDX vs VCIT?
Replies: 2
Views: 258

Re: FVSUX vs. VCSH, FVIDX vs VCIT?

What are the pros and cons of the following (in tax advantaged accounts): Short Term Bonds: FVSUX .10% ER VCSH .07% ER and Intermediate Term Bonds: FVIDX 10% ER VCIT .07% ER FVSUX and FVIDX don't seem to exist. Edited: Ah. I see that you mean VFSUX and VFIDX. I'd personally stick with the index fun...
by jhfenton
Thu Mar 14, 2019 7:15 am
Forum: Personal Investments
Topic: Waiting period between buying/selling ETF/MF?
Replies: 9
Views: 775

Re: Waiting period between buying/selling ETF/MF?

I know this question was for Schwab, but I tried this on Vanguard and wanted to report in case someone asks the question in the future. I wanted to exchange Vanguard Total Bond Mutual Fund shares into ETF shares. To do this, I placed an order to sell the MF shares. This executed at closing and the ...
by jhfenton
Wed Mar 13, 2019 12:14 pm
Forum: Investing - Theory, News & General
Topic: When Does Vanguard's Patent(s) Expire?
Replies: 42
Views: 6249

Re: When Does Vanguard's Patent(s) Expire?

The beauty of an ETF is that the implicit cost of flows are borne solely by the people causing them. When you have a dual share structure, the ETF holders have to subsidize the cost of flows caused by the traditional fund holders. It looks like Vanguard is now starting to make the ETF share class l...
by jhfenton
Wed Mar 13, 2019 11:56 am
Forum: Personal Consumer Issues
Topic: Vacation Planning w/o Foreign Language Knowledge
Replies: 15
Views: 664

Re: Vacation Planning w/o Foreign Language Knowledge

One other idea, since the trip is some time in the future, is make a little effort to learn some of the language before you travel. +1 I know that many people have a fear of foreign languages, probably from the terrible way they were traditionally taught in school. But learning a language should be...
by jhfenton
Tue Mar 12, 2019 7:52 pm
Forum: Personal Investments
Topic: Questions about TD Ameritrade HSA
Replies: 4
Views: 280

Re: Questions about TD Ameritrade HSA

Last I asked TD Ameritrade wouldn't comp commissions in an HSA account, though they did in a regular taxable account. They claimed it would be treated as an HSA contribution. Not sure if anyone else has gotten them to do it... I don't think the OP is asking this but just in case, those dollars don'...
by jhfenton
Tue Mar 12, 2019 12:29 pm
Forum: Investing - Theory, News & General
Topic: JPMorgan offers lowest cost ETFs so far
Replies: 8
Views: 874

Re: JPMorgan offers lowest cost ETFs so far

With BBUS at 0.02% vs VTI at 0.04%, it could well be just a rounding error. On the other hand, assuming a steady 5% return, and subtracting these fees, in 100 years $1 would grow to $129 vs. $126.6. See you then :) Tracking error and revenue from securities lending will have a bigger influence than...
by jhfenton
Tue Mar 12, 2019 9:30 am
Forum: Personal Investments
Topic: Is the cut-off for Opportunity Zone investment 179 or 180 days following sale?
Replies: 4
Views: 334

Re: Is the cut-off for Opportunity Zone investment 179 or 180 days following sale?

However, I can't reconcile this with the IRS code. The draft regulations, actual law (1400Z) and form 8949 all state "during the 180-day period beginning on the date of the sale". Unless the beginning day is (awkwardly) "day 0" of the period (not day 1), this language would imply that you must inve...
by jhfenton
Tue Mar 12, 2019 9:21 am
Forum: Investing - Theory, News & General
Topic: Large Lump Sum ($1M) into an ETF at Once
Replies: 33
Views: 2581

Re: Large Lump Sum ($1M) into an ETF at Once

Highly doubt it matters with ITOT, this is 15,000-16,000 shares for an ETF that does almost 4 million shares a day and net assets of 18 billion all according to yahoo. If you want to put in an order at the ask I bet you'd be filled immediately on the entire block. One penny is $150-$160 bucks. Also...
by jhfenton
Tue Mar 12, 2019 9:18 am
Forum: Investing - Theory, News & General
Topic: Large Lump Sum ($1M) into an ETF at Once
Replies: 33
Views: 2581

Re: Large Lump Sum ($1M) into an ETF at Once

I don't think anyone is going to create a unit just to satisfy the OP's $1M order. Also, it is not the volume (short for "volume exchanged"), but the book depth that counts. Even book depth tells you very little about ETF liquidity. I'm looking at VFVA (Vanguard US Value Factor ETF) right now. The ...
by jhfenton
Mon Mar 11, 2019 12:49 pm
Forum: Investing - Theory, News & General
Topic: Large Lump Sum ($1M) into an ETF at Once
Replies: 33
Views: 2581

Re: Large Lump Sum ($1M) into an ETF at Once

I've been watching the Level 1 quotes for ITOT for a bit. You will need to buy about 15700 shares, and the inside offer size does drop below this amount at times. Most likely, you will not cause a pricing impact, but as I stated earlier, if you are unlucky, if you enter a market order you might so ...
by jhfenton
Mon Mar 11, 2019 12:28 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth: Vanguard ETFs Or Mutual Funds
Replies: 20
Views: 1460

Re: Allan Roth: Vanguard ETFs Or Mutual Funds

If done at Vanguard, there are no fee or tax consequences, other than a possible minor gain from having to sell a fractional share since the conversion must be in whole numbers of ETF shares. Ha! A minor gain from a fractional share that is sold could create more taxes than the $2 saved on the expe...
by jhfenton
Sun Mar 10, 2019 10:13 am
Forum: Personal Consumer Issues
Topic: Recaptcha strategies and tactics
Replies: 20
Views: 1399

Re: Recaptcha strategies and tactics

I've had success only clicking the major areas. So if they ask for boxes showing a car, and a small piece of the car is sticking out into another box, I don't click it. Mine is the "lazy but significant" strategy rather than the "anal obsessive" strategy. The latter strategy keeps failing. I am in ...
by jhfenton
Fri Mar 08, 2019 10:36 am
Forum: Personal Investments
Topic: Buy VTSAX or VTI in an IRA acccount?
Replies: 16
Views: 1400

Re: Buy VTSAX or VTI in an IRA acccount?

So then it appears their website - which shows both ETF and Admiral ER as 0.04% - is false advertising at this point?! Vanguard reports official expense ratios in arrears in each year's prospectus. You can see actual expense ratios during the year in the semi-annual and annual reports. The expense ...
by jhfenton
Thu Mar 07, 2019 12:51 pm
Forum: Personal Investments
Topic: Why aren’t Fido’s lower ERs a reason to switch from VG?
Replies: 43
Views: 2841

Re: Why aren’t Fido’s lower ERs a reason to switch from VG?

Fidelity is a great choice for core exposure in retirement accounts. It's probably the best choice right now. But if you want a broader selection of funds at a low cost, Vanguard may be the best choice. I currently have our 5 main accounts at Vanguard and my HSA at Fidelity. (My 401(k) is also at Fi...
by jhfenton
Thu Mar 07, 2019 9:01 am
Forum: Investing - Theory, News & General
Topic: muni bond tax cost
Replies: 6
Views: 1023

Re: muni bond tax cost

Here is a quote from the wiki: "The "tax cost" listed for municipal bonds is the hidden cost, the amount an investor loses in returns to avoid paying the tax; it is based on an assumption that municipal bonds yield 75% as much as taxable bonds of comparable risk." My interpretation of this is that ...
by jhfenton
Tue Mar 05, 2019 7:34 pm
Forum: Personal Investments
Topic: VTWSX at Fidelity and it’s future [Vanguard Total World - Investor Class]
Replies: 15
Views: 2204

Re: VTWSX at Fidelity and it’s future [Vanguard Total World - Investor Class]

VTWSX is now closed to new investors. VTWAX is not available to retail investors. Existing holiding of VTWSX hasn't been converted to VTWAX but I am able to buy more shares as of today. I see the same in my Fidelity HSA. It says VTWSX is closed to new investors and that VTWAX is an advisor-only fun...
by jhfenton
Mon Mar 04, 2019 7:44 pm
Forum: Personal Investments
Topic: Buying ETFs with Vanguard
Replies: 4
Views: 576

Re: Buying ETFs with Vanguard

In an established account, including IRAs, you can buy an ETF and then fund the purchase with the sale of a mutual fund. Vanguard is more flexible in that regard than some brokers (e.g. TD Ameritrade). There are limits. They won't let you place a buy order that is larger than the other assets in th...
by jhfenton
Mon Mar 04, 2019 8:44 am
Forum: Investing - Theory, News & General
Topic: Why does Vanguard use a 40% allocation to International in their Balanced Funds?
Replies: 60
Views: 6387

Re: Why does Vanguard use a 40% allocation to International in their Balanced Funds?

Would you be confident using Vanguard’s International exposure in their target date funds? Is it a reasonable change for me to make in my AA? I do not use Vanguard's all-in-one funds because they are only 40% international, and I want to be at 50%. I also want to overweight emerging markets at 25% ...
by jhfenton
Mon Mar 04, 2019 8:36 am
Forum: Personal Consumer Issues
Topic: 32 Inch HD vs UHD LG Monitors at Costco
Replies: 8
Views: 710

Re: 32 Inch HD vs UHD LG Monitors at Costco

I've had a 29" 4K monitor for a few years, and I love it. I did change the default Windows scaling so that icons and default text sizes are larger, but that's a one-time adjustment. I can't read small text the way I used to. At that size you really want the higher resolution. At 32", an HD (1920x108...
by jhfenton
Mon Mar 04, 2019 8:21 am
Forum: Personal Investments
Topic: Buying ETFs with Vanguard
Replies: 4
Views: 576

Re: Buying ETFs with Vanguard

For those who have a Vanguard Brokerage Account holding both mutual funds and ETFs, do you know if it's possible to buy an ETF using a mutual fund directly as a source of funds? The longer way would be to sell mutual fund positions first, then use the cash generated as the source of funds for the E...
by jhfenton
Sun Mar 03, 2019 3:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard New Factor Funds Portfolio Statistics
Replies: 236
Views: 36071

Re: Vanguard New Factor Funds Portfolio Statistics

Are the bid-ask spreads for Vanguard's multifactor ETFs reasonable? I can't find the info anywhere. ETF.com has the average spread for VFMF at 0.1%. That seems right. The spreads are generally $0.06-0.08 on all of the factor funds from VFMF down to VFLQ, and they have been since the first day of tr...
by jhfenton
Sat Mar 02, 2019 2:09 pm
Forum: Personal Consumer Issues
Topic: Thinking of Buying a Watch - Recommendations?
Replies: 74
Views: 4563

Re: Thinking of Buying a Watch - Recommendations?

https://www.goldsmiths.co.uk/medias/?context=bWFzdGVyfHByb2R1Y3RfaW1hZ2VzfDM0ODIyMnxpbWFnZS9wbmd8cHJvZHVjdF9pbWFnZXMvaGE1L2hlOS84ODU0NjYzNzkwNjIyLnBuZ3xmMmQ5MTMyYjFlZmNjMjc4YTkzZDE2ZWQzYjljNmM0NDg3YjhjY2JlMzVjYTM5ZDRjYjYwYmVhYjk1NDZkZTM1 That is seriously sharp. I even like the $300 stainless versi...
by jhfenton
Sat Mar 02, 2019 10:47 am
Forum: Personal Investments
Topic: Roth IRA contribution - NOT FOR ME
Replies: 5
Views: 963

Re: Roth IRA contribution - NOT FOR ME

They are only eligible for Roth contributions if they have earned income from employment or a business.

If they have earned income, then sure, you could gift them money for Roth IRA contributions. The contributions couldn't exceed the greater of their earned income or $7,000 each.
by jhfenton
Sat Mar 02, 2019 10:43 am
Forum: Personal Consumer Issues
Topic: Experience with Apple Pay?
Replies: 71
Views: 6374

Re: Experience with Apple Pay?

The best thing about Apple Pay for me is that if I am out on a long run or bike ride, I know that I can stop into any Walgreens, CVS, or McDonalds and get an emergency drink. I have an Apple Watch, so I don't even need to carry my phone (although I do on bike rides). The only holdouts among the plac...
by jhfenton
Sat Mar 02, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: New Employer's Vesting Schedule
Replies: 8
Views: 466

Re: New Employer's Vesting Schedule

Based on the second chart on the second page, Regular and True-Up Matching contributions vest at 25% per year over 4 years. At 4 years, they will be 100% vested. At 3 years, 75%. At 2 years, 50%. At 1 year, 25%. Vesting schedules are part of the plan document and are not negotiable. They have to be ...
by jhfenton
Sat Mar 02, 2019 10:05 am
Forum: Investing - Theory, News & General
Topic: "3 Things to Be Aware of Amid ETF Fee Wars"
Replies: 33
Views: 3045

Re: "3 Things to Be Aware of Amid ETF Fee Wars"

Is there a reason not to switch mutual funds into the same ETF? Inability to automate ETF purchases. I suppose VG could allow partial share purchases in the future, however. If you don't mind owning both, you can convert *most* of your Admiral Shares into the ETF, but leave a bit behind (it can $3,...
by jhfenton
Fri Mar 01, 2019 12:47 pm
Forum: Personal Investments
Topic: Portfolio mix too tilted?
Replies: 6
Views: 344

Re: Portfolio mix too titled?

You're actually underweight international equities overall as a percentage of equities, including emerging markets. And your small value tilt is quite modest. I tilt a lot more to both emerging markets and (small) value. Your bond allocation looks fine to me too. 5% out of 40% in high yield is perfe...
by jhfenton
Fri Mar 01, 2019 12:04 pm
Forum: Investing - Theory, News & General
Topic: Barron's--Vanguard Just Made Its S&P 500 Fund Even Cheaper
Replies: 21
Views: 2672

Re: Barron's--Vanguard Just Made Its S&P 500 Fund Even Cheaper

Amazing how many here said a few bps didn't matter when Fidelity introduced Zero funds but now when Vanguard reduces expenses it is a game changer (LOL). Mr. Romano was simply posting text from a Barron's article, who is saying it is a game changer? BTW, is it the ETF that dropped for the ETF and M...
by jhfenton
Thu Feb 28, 2019 1:50 pm
Forum: Personal Investments
Topic: Two Roth's under a single Vanguard login?
Replies: 6
Views: 480

Re: Two Roth's under a single Vanguard login?

As others have said, each account owner/user has to have his or her unique login. Under each login, Vanguard will display each account to which that user has access, regardless of who actually owns the account. Steps: 1) Have your wife open a Roth with her information and create a login. 2a) Have yo...
by jhfenton
Thu Feb 28, 2019 10:24 am
Forum: Investing - Theory, News & General
Topic: Vanguard Ups the Ante in an ETF Race to Zero - Fees are coming down on seven ETFs
Replies: 95
Views: 8444

Re: Vanguard Ups the Ante in an ETF Race to Zero Fees are coming down on seven ETFs, with combined assets of more t

I am with you: mutual funds are just easier. Imagine having to buy $200K of some ETF in one go. But 3 bps is a lot. Say, you are looking to have $5MM portfolio. 3 bps difference is $1.5K a year. That's quite a lot. When working with retirement calculators, in low return regimes, even 0.1% (10 bps) ...
by jhfenton
Wed Feb 27, 2019 1:59 pm
Forum: Personal Investments
Topic: HSA Bank and TD Ameritrade
Replies: 18
Views: 1057

Re: HSA Bank and TD Ameritrade

In light of the Govt probe into Fidelitys fees, is there any concerns about Fidelity HSA? I don't follow. It had to do with funds on their fund marketplace. Why would anyone using their HSA use those funds? +1 Bogleheads are not likely to use any expensive third-party funds that would be paying a h...
by jhfenton
Wed Feb 27, 2019 1:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Ups the Ante in an ETF Race to Zero - Fees are coming down on seven ETFs
Replies: 95
Views: 8444

Re: Vanguard Ups the Ante in an ETF Race to Zero Fees are coming down on seven ETFs, with combined assets of more t

There are lots of necessarily arbitrary decisions in setting up a cost-accounting system. No practical system can perfectly track the costs associated with each product. And how you group products for cost accounting purposes is also an arbitrary choice. My guess is that--historically until just no...
by jhfenton
Wed Feb 27, 2019 10:57 am
Forum: Personal Investments
Topic: Are there any VG funds where the ETF has a lower ER than the Admiral Share Class?
Replies: 13
Views: 958

Re: Are there any VG funds where the ETF has a lower ER than the Admiral Share Class?

The reported expense ratios do not always match, but this is usually the result of different reporting dates; the actual expenses for each fund change annually. For funds with purchase or redemption fees, the ETF has a lower cost than the Admiral share class, even when the expense ratio is the same...
by jhfenton
Tue Feb 26, 2019 3:31 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Ups the Ante in an ETF Race to Zero - Fees are coming down on seven ETFs
Replies: 95
Views: 8444

Re: Vanguard ETF (VXUS) cheaper than Admiral Share counterpart

Anyone else notice that the Vanguard Total International ETF (VXUS) is now 2 basis points cheaper than its equivalent Admiral fund VTIAX? The same is true for the emerging market fund (VWO). But VXUS is obviously a big one. Yes. It's actually true for all of the ETF fees announced today: Total Inte...
by jhfenton
Tue Feb 26, 2019 3:19 pm
Forum: Investing - Theory, News & General
Topic: DFA Small/Mid Cap Value Fund in 401k, but it's not a mutual fund?
Replies: 6
Views: 399

Re: DFA Small/Mid Cap Value Fund in 401k, but it's not a mutual fund?

pascalwager wrote:
Tue Feb 26, 2019 2:42 pm
I'm guessing it might be the DFA Targeted Value Fund, deciles 6-10. (I owned it for a longtime.)
It may very well be a CIT equivalent of DFA Targeted Value. Most CITs have a mutual fund equivalent.
by jhfenton
Tue Feb 26, 2019 1:32 pm
Forum: Investing - Theory, News & General
Topic: DFA Small/Mid Cap Value Fund in 401k, but it's not a mutual fund?
Replies: 6
Views: 399

Re: DFA Small/Mid Cap Value Fund in 401k, but it's not a mutual fund?

It is likely a Collective Investment Trust . CITs are fine. All of the big 401(k) providers offer them in large retirement plans, usually at a lower cost than the equivalent mutual funds. Because they are only offered inside group retirement plans, they do not have to make distributions. All he unde...
by jhfenton
Tue Feb 26, 2019 1:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Ups the Ante in an ETF Race to Zero - Fees are coming down on seven ETFs
Replies: 95
Views: 8444

Re: Vanguard Ups the Ante in an ETF Race to Zero Fees are coming down on seven ETFs, with combined assets of more t

Interesting that ETF expense ratios are lower for some funds than Admiral shares. Strong reason to purchase ETF versus Admiral. Seems like Vanguard is pushing holders to ETFs based on expense ratio pricing. Why? It was clear from some of the annual reports this fall that this was coming. My theory ...
by jhfenton
Tue Feb 26, 2019 12:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Ups the Ante in an ETF Race to Zero - Fees are coming down on seven ETFs
Replies: 95
Views: 8444

Re: Vanguard Ups the Ante in an ETF Race to Zero Fees are coming down on seven ETFs, with combined assets of more t

Is there a list of the mutual funds that are reducing fees? That is the list. The ETFs at least. The fees on the Admiral Shares all stayed the same as last year. Huh. The OP (quoting the WSJ) seemed to indicate that 43 mutual funds also reduced fees. Either way, thank you for your time. Ah. Yes. I ...
by jhfenton
Tue Feb 26, 2019 11:53 am
Forum: Investing - Theory, News & General
Topic: Vanguard Ups the Ante in an ETF Race to Zero - Fees are coming down on seven ETFs
Replies: 95
Views: 8444

Re: Vanguard Ups the Ante in an ETF Race to Zero Fees are coming down on seven ETFs, with combined assets of more t

Silence Dogood wrote:
Tue Feb 26, 2019 11:47 am
Is there a list of the mutual funds that are reducing fees?
That is the list. The ETFs at least. The fees on the Admiral Shares all stayed the same as last year.
by jhfenton
Tue Feb 26, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: Vanguard Ups the Ante in an ETF Race to Zero - Fees are coming down on seven ETFs
Replies: 95
Views: 8444

Re: Vanguard Ups the Ante in an ETF Race to Zero Fees are coming down on seven ETFs, with combined assets of more t

As I expected, the days of ETFs and Admiral Shares having the same expense ratios are over. All of the new prospectuses have lower fees for the ETF shares. This is the price of having lower Admiral Shares minimums. Total International VXUS 9 bp/VTIAX 11 bp All-World ex-US VEU 9 bp/VFWAX 11 bp All-Wo...
by jhfenton
Fri Feb 22, 2019 4:10 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Bond ETFs Lose $1.4 Billion as December Buyer Bails"
Replies: 24
Views: 3394

Re: "Vanguard Bond ETFs Lose $1.4 Billion as December Buyer Bails"

germark wrote:
Fri Feb 22, 2019 3:43 pm
I think there were a few threads recently about the safety of bond funds. So I thought to post this here:
What do you think the article says about the safety of bond funds?
by jhfenton
Fri Feb 22, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard CD's bid/ask spread seem rather large
Replies: 16
Views: 946

Re: Vanguard CD's bid/ask spread seem rather large

That is not at all an unusual spread on a brokered CD at Vanguard or anywhere. It is not a liquid market. On small lots, they can be even higher.
by jhfenton
Thu Feb 21, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: Converting Mutual Fund into ETF at Vanguard
Replies: 9
Views: 801

Re: Converting Mutual Fund into ETF at Vanguard

Yes, you're right. The balance showed it was available for trade immediately after the sale went through. However, since I closed out my position, I was not able to see the total balance because when partial shares of an ETF are sold Vanguard takes a bit of time to push that through. Yes. The parti...
by jhfenton
Wed Feb 20, 2019 3:51 pm
Forum: Investing - Theory, News & General
Topic: Will Vanguard Factor Funds Survive?
Replies: 22
Views: 1867

Re: Will Vanguard Factor Funds Survive?

I think they are the best because: Cover entire market cap spectrum; almost all other factor ETFS hold only large and midcap stocks; factor premiums have historically been higher in smallcap stocks Rebalance continuously like DFA rather than quarterly MSCI factor indexes are constructed to limit tr...