Search found 999 matches

by Silence Dogood
Wed Jun 26, 2019 4:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 9218

Re: Vanguard Advertising Mutual Fund to ETF Conversion

As far as Vanguard goes? I think they would be quite happy if you convert your Vanguard mutual funds to Vanguard ETFs and take them to Schwab. They get the efficiencies of your AUM in their products and can offload customer support to someone else. How does Schwab cover the costs to administer (let...
by Silence Dogood
Wed Jun 26, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 9218

Re: Vanguard Advertising Mutual Fund to ETF Conversion

I think Vanguard would do itself a favor by being more transparent about what their intentions are. It seems like they try to nudge things in a not-so-subtle way that simply arouses suspicions, rather than just stating the reasons why. For example, with the switch to brokerage accounts, Vanguard was...
by Silence Dogood
Wed Jun 26, 2019 11:21 am
Forum: Investing - Theory, News & General
Topic: Vanguard Advertising Mutual Fund to ETF Conversion
Replies: 128
Views: 9218

Re: Vanguard Advertising Mutual Fund to ETF Conversion

I haven't logged on recently, but if Vanguard is doing this it definitely seems like they are trying to "nudge" people in that direction.
by Silence Dogood
Tue Jun 25, 2019 10:54 pm
Forum: Personal Investments
Topic: Any help for a new investor? Vanguard TDF at .15%?
Replies: 4
Views: 686

Re: Any help for a new investor? Vanguard TDF at .15%?

My entire Roth IRA is invested in Vanguard Target Retirement 2055 (VFFVX).

I think most Bogleheads like the Vanguard Target Retirement funds.

0.15% is a very low expense ratio. In a few years from now, the expense ratio will likely be even lower.
by Silence Dogood
Mon Jun 17, 2019 5:03 pm
Forum: Forum Issues and Administration
Topic: Why not add a "like" button to Boglehead posts?
Replies: 185
Views: 31902

Re: Why not add a "like" button to Boglehead posts?

I'm glad that we won't be adding a "like" button.

Why would we want to be more like Facebook/Reddit?

Bogleheads.org is better than both of those sites.

I think that "like" buttons incentivize bad behavior.
by Silence Dogood
Mon Jun 17, 2019 12:24 pm
Forum: Personal Investments
Topic: Convert my VG mutual funds to ETFs to save basis points?
Replies: 39
Views: 2692

Re: Convert my VG mutual funds to ETFs to save basis points?

Theoretically, could there ever be a zero-expense ETF? If Vanguard created a zero-expense ETF, and an investor held that ETF in their Fidelity brokerage account, how would Fidelity make any money? I believe that Vanguard could make money off of security lending, but how would this be sustainable for...
by Silence Dogood
Mon Jun 17, 2019 12:00 pm
Forum: Personal Investments
Topic: Alternative to $3,000 minimums at Vanguard
Replies: 13
Views: 912

Re: Alternative to $3,000 minimums at Vanguard

The Vanguard Target Retirement funds ($1,000 minimum) include the three funds you've listed above, along with a small amount of international bonds (30% of the bond allocation). They also automatically rebalance, so they require very little work. Just make sure that you are comfortable with the asse...
by Silence Dogood
Sun Jun 16, 2019 9:20 pm
Forum: Personal Investments
Topic: Convert my VG mutual funds to ETFs to save basis points?
Replies: 39
Views: 2692

Re: Convert my VG mutual funds to ETFs to save basis points?

You're assuming that the ERs will not change again in the near future. They've been changing a lot recently, not only at Vanguard but also at Fidelity, Schwab, and Blackrock. I agree. Going to this much trouble to maybe save a few dollars does not make sense to me. And it is entirely possible that ...
by Silence Dogood
Sun Jun 16, 2019 8:45 am
Forum: Personal Investments
Topic: Convert my VG mutual funds to ETFs to save basis points?
Replies: 39
Views: 2692

Re: Convert my VG mutual funds to ETFs to save basis points?

I did this. Vanguard screwed up the cost basis. Luckily I had a copy before asking them to convert to prove that they made a mistake. The cost of mistake if not fixed was a lot compared to potential savings. It took me many phone calls and many weeks to get it resolved. It is totally not worth it. ...
by Silence Dogood
Sun Jun 16, 2019 8:30 am
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9899

Re: The Case Against ETFs

Mutual funds and ETFs are exactly the same. There is no difference between them. Zero . It does not matter at all . It is entirely personal preference. People familiar with bank accounts often prefer mutual funds. People familiar with stock transactions often prefer ETFs. That may not be absolutely...
by Silence Dogood
Sun Jun 16, 2019 8:28 am
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9899

Re: The Case Against ETFs

Personally, I will stick with index funds over ETFs. Index funds can be explained in detail in a paragraph or two. I have read every page in the wiki that references or explains ETFs, and I've read them several times over. I've read tens or likely even 100 forum topics on ETFs as well. All this tim...
by Silence Dogood
Sun Jun 16, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9899

Re: The Case Against ETFs

I think that the main concern the OP had is that there is now the perception (reality?) that Vanguard is promoting ETFs over mutual funds. The OP wanted to know the rationality behind this decision. I think that his/her concerns could have been addressed more appropriately. Completely false, from t...
by Silence Dogood
Sat Jun 15, 2019 4:27 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9899

Re: The Case Against ETFs

I think that the main concern the OP had is that there is now the perception (reality?) that Vanguard is promoting ETFs over mutual funds.

The OP wanted to know the rationality behind this decision.

I think that his/her concerns could have been addressed more appropriately.
by Silence Dogood
Sat Jun 15, 2019 4:05 pm
Forum: Personal Investments
Topic: Convert my VG mutual funds to ETFs to save basis points?
Replies: 39
Views: 2692

Re: Convert my VG mutual funds to ETFs to save basis points?

tiernado, you've successfully cut through the noise on ETF vs mutual fund shares. If you would save $450 plus per year yes I would switch to ETF share classes. In the taxable account the biggest thing you have to watch is accurate cost basis. Vanguard makes mistakes on cost basis calculations. You'...
by Silence Dogood
Sat Jun 15, 2019 4:03 pm
Forum: Personal Investments
Topic: Convert my VG mutual funds to ETFs to save basis points?
Replies: 39
Views: 2692

Re: Convert my VG mutual funds to ETFs to save basis points?

Just keep in mind that differences in expense ratio will matter less over time as expenses overall decrease. The difference between an expense ratio of 0.25% and 0.50% is significant, but the difference between a 0.01% expense ratio and a 0.005% expense ratio is definitely not significant. Right now...
by Silence Dogood
Sat Jun 15, 2019 7:13 am
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9899

Re: The Case Against ETFs

I think this is a bad analogy. Casinos exist, and I know people will always gamble - but I still don't want one built in my town. If there were one built in my town, I think more people would start to gamble and more people would start to gamble more frequently. I think mine is a pretty good analog...
by Silence Dogood
Fri Jun 14, 2019 6:16 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9899

Re: The Case Against ETFs

A lot of people cut themselves using kitchen knives. Some even hurt other people with them. That doesn't make kitchen knives "bad". Nor does the fact that some people do stupid things with ETFs make them "bad". I would posit that people that are inclined to make stupid investing decisions have alwa...
by Silence Dogood
Thu Jun 13, 2019 8:31 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9899

Re: The Case Against ETFs

OP, why do you care what others do? Obviously if one cannot resist temptations, there are many things they should probably avoid. Broken Man 1999 To be fair, there are ETF advocates who seem to be devoted to get everyone to switch over from mutual funds. People should invest in whichever they feel ...
by Silence Dogood
Thu Jun 13, 2019 7:40 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9899

Re: The Case Against ETFs

I do not understand what you are getting at. I am talking about the mechanics of having to understand the differences of limit orders, market orders, etc. I've let my wife manage her own investment accounts. I've helped her learn to make limit orders. I like limit orders. Mutual funds don't support...
by Silence Dogood
Thu Jun 13, 2019 7:25 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9899

Re: The Case Against ETFs

Makes sense. Doesn't Vanguard not offer mutual funds in Canada? It only offers four active mutual funds. It mostly offers index ETFs, including the Asset Allocation ETFs, and some active factor ETFs. I know that Vanguard is, "owned by the funds" (with investors owning the funds, making it effective...
by Silence Dogood
Thu Jun 13, 2019 6:57 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9899

Re: The Case Against ETFs

Supposedly the Vanguard Target Retirement and LifeStrategy (mutual) funds will be switching over to ETFs for their underlying funds. This will be interesting because it will have the benefits of both mutual funds (ease of purchase - (after hours and fractional shares)) and ETFs (lower cost). In Can...
by Silence Dogood
Thu Jun 13, 2019 6:27 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9899

Re: The Case Against ETFs

OP, why do you care what others do? Obviously if one cannot resist temptations, there are many things they should probably avoid. Broken Man 1999 To be fair, there are ETF advocates who seem to be devoted to get everyone to switch over from mutual funds. People should invest in whichever they feel ...
by Silence Dogood
Tue Jun 11, 2019 10:22 am
Forum: Investing - Theory, News & General
Topic: Vanguard Report - How America Saves 2019
Replies: 7
Views: 1235

Re: Vanguard Report - How America Saves 2019

Most people ignore their 401(k). I have a co-worker who recently asked me if I could help him sign in to his 401(k) account. He had never bothered to access his account in the 4 years he'd been contributing (fortunately my employer auto-enrolls people in). This is not abnormal for many (most?) peopl...
by Silence Dogood
Sat Jun 08, 2019 11:14 am
Forum: Personal Investments
Topic: Am I paying Target 2020 fees and the fees for the 5 funds comprising it?
Replies: 16
Views: 1719

Re: Am I paying Target 2020 fees and the fees for the 5 funds comprising it?

FYI, there are now rumors that, within the next couple of years, Vanguard will lower the cost of their Target Retirement funds by using the equivalent ETF share classes for the underlying funds. Schwab's Target Index funds have a similar set up. They use ETFs in their funds. Neat! So I guess that's...
by Silence Dogood
Sat Jun 08, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: "A Set-It-and-Forget-It Target-Date Series From Vanguard"
Replies: 120
Views: 14126

Re: "A Set-It-and-Forget-It Target-Date Series From Vanguard"

Some time ago (can't remember whether it was a Forbes article I wrote or something I posted here), I made the case for three separate TD funds for each year, since folks often didn't know they were supposed to look under the hood of the various TD funds to find the asset allocation they wanted, rat...
by Silence Dogood
Sat Jun 08, 2019 10:49 am
Forum: Personal Investments
Topic: Am I paying Target 2020 fees and the fees for the 5 funds comprising it?
Replies: 16
Views: 1719

Re: Am I paying Target 2020 fees and the fees for the 5 funds comprising it?

OP: Both ThirftyPhD and Silence Dogood are correct. ThirftyPhD gave you the correct answer to your question. Silence Dogood pointed out that if you use admiral shares instead, then you save money. It is a common compliant that Target fund does not have admiral shares. Note that for some funds such ...
by Silence Dogood
Sat Jun 08, 2019 10:35 am
Forum: Personal Investments
Topic: Vanguard Target Retirement Funds - Investor vs Admiral Shares
Replies: 21
Views: 2378

Re: Vanguard Target Retirement Funds - Investor vs Admiral Shares

Does anyone have an idea why Vanguard uses investor shares instead of admiral shares in its target retirement funds? After examining them, I would love to just put my money in a TR fund and let it be. However, the ER is 0.15% compared to VTSAX 0.04% and VFWAX 0.11%. One would think Vanguard would t...
by Silence Dogood
Thu Jun 06, 2019 7:37 pm
Forum: Investing - Theory, News & General
Topic: Insights From a Long Call With Vanguard Reps Today
Replies: 86
Views: 16731

Re: Insights from Vanguard

newcollegeman wrote:
Thu Jun 06, 2019 7:26 pm
Silence Dogood,

Yes, you have said it better than I.

newcollegeman
Sounds too good to be true!

I hope you're correct.
by Silence Dogood
Thu Jun 06, 2019 6:15 pm
Forum: Investing - Theory, News & General
Topic: Insights From a Long Call With Vanguard Reps Today
Replies: 86
Views: 16731

Re: Insights from Vanguard

there's a migration over to ETFs inside Target & LifeStrategy expected over the next couple of years. I think what you are saying is that the Vanguard Target Retirement and LifeStrategy funds will remain as mutual funds but will instead invest in ETFs for the underlying funds. This would result in ...
by Silence Dogood
Thu Jun 06, 2019 1:33 pm
Forum: Investing - Theory, News & General
Topic: Insights From a Long Call With Vanguard Reps Today
Replies: 86
Views: 16731

Re: Insights from Vanguard

I would be in favor of the existing Target Retirement (mutual) funds starting to invest in the equivalent ETF share classes for the underlying funds.

It would be the best of both worlds: automatic contributions in whole dollars (fractional shares!) with the benefit of lower cost ETFs.
by Silence Dogood
Thu Jun 06, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: Insights From a Long Call With Vanguard Reps Today
Replies: 86
Views: 16731

Re: Insights from Vanguard

Also, I heard that their Target & LifeStrategy Funds may be moving to ETFs in the next few years, which makes sense in so many ways. Mutual funds will always be there, but adjustments to those all-in-ones that they steward make good sense. Interesting... who did you hear this from? Are you saying t...
by Silence Dogood
Wed Jun 05, 2019 11:23 am
Forum: Personal Investments
Topic: Problem at Vanguard?
Replies: 42
Views: 5399

Re: Problem at Vanguard?

Re: Taylor Larimore response to OP in the thread. The OP asked what would be a reasonable question anywhere in the world except here. Here the orthodoxy is so powerful that the "Dean of the bogleheads" calls the guys reasonable behavior " mind boggling" and it isn't even considered rude or hostile....
by Silence Dogood
Tue Jun 04, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard IRS Form 5498 error
Replies: 21
Views: 1334

Re: Possible Error by Vanguard on 2018 Form 5498?

Unfortunately, I was busier than expected yesterday. However, I did find this post in another thread: Did you make a contribution to the TIRA account for which you received the 5498? If VG includes the year end FMV on a statement in January, they do not have to report the year end value again on a 5...
by Silence Dogood
Mon Jun 03, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard IRS Form 5498 error
Replies: 21
Views: 1334

Re: Possible Error by Vanguard on 2018 Form 5498?

From a lay reading of the Form 5498 instructions (I am not an expert), the instructions (to the custodian) for Form 5498 seem to say that you should get a different Form 5498 for the mutual fund and brokerage IRA accounts, *but only if* some sort of transaction that is required to be reported to th...
by Silence Dogood
Sun Jun 02, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard IRS Form 5498 error
Replies: 21
Views: 1334

Re: Possible Error by Vanguard on 2018 Form 5498?

Maybe you have two 5498s? The more that I think about it, the more that I think I should have two Form 5498s. I think the one I have is accurate, but only for the mutual-fund-only account. It shows that I contributed $5,500 (which I did prior to the transition) and it shows that there is now a $0 b...
by Silence Dogood
Sun Jun 02, 2019 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard IRS Form 5498 error
Replies: 21
Views: 1334

Re: Possible Error by Vanguard on 2018 Form 5498?

dodecahedron wrote:
Sun Jun 02, 2019 5:42 pm
Yes. There are non-zero amounts in box 5 in all years.
Thank you for your time.
by Silence Dogood
Sun Jun 02, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard IRS Form 5498 error
Replies: 21
Views: 1334

Re: Vanguard IRS Form 5498 error

It is often recommended to keep a copy of each Form 5498 indefinitely.

I can imagine my future self being confused by seeing 0 reported in box 5.
by Silence Dogood
Sun Jun 02, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard IRS Form 5498 error
Replies: 21
Views: 1334

Re: Possible Error by Vanguard on 2018 Form 5498?

...You mention a brokerage and mutual fund version of Form 5498. Did you receive two versions of Form 5498 for 2018? Did you transition from a mutual-fund-only account to a brokerage account last year? I only received a 5498 for my IRA Brokerage account in the mail, but there are THREE versions onl...
by Silence Dogood
Sun Jun 02, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard IRS Form 5498 error
Replies: 21
Views: 1334

Re: Possible Error by Vanguard on 2018 Form 5498?

I recently posted about errors with my 2018 Form 5498 (https://www.bogleheads.org/forum/viewtopic.php?f=1&t=281326). Perhaps the Moderator can merge these two threads. Of note, I had also transitioned my Rollover IRA from a Mutual Fund to Brokerage account, and had also done a Roth conversion. Vang...
by Silence Dogood
Sun Jun 02, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard IRS Form 5498 error
Replies: 21
Views: 1334

Re: Possible Error by Vanguard on 2018 Form 5498?

dodecahedron wrote:
Sun Jun 02, 2019 1:08 pm
I transitioned a few years ago (not sure exactly which year) but I looked back at all my prior year Vanguard 5498 forms and nothing looks amiss.
Thank you for checking.

So just to be clear, you have an amount in box 5 other than 0.00?
by Silence Dogood
Sun Jun 02, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard IRS Form 5498 error
Replies: 21
Views: 1334

Re: Possible Error by Vanguard on 2018 Form 5498?

livesoft wrote:
Sun Jun 02, 2019 1:08 pm
Maybe you have two 5498s?
I was thinking that might be the case, but it's already June, and I only see one Form 5498 on the Vanguard website for tax year 2018.
by Silence Dogood
Sun Jun 02, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard IRS Form 5498 error
Replies: 21
Views: 1334

Re: Possible Error by Vanguard on 2018 Form 5498?

Can someone who has also transitioned from a mutual-fund-only account to a brokerage account check to see what their Form 5498 shows?
by Silence Dogood
Sun Jun 02, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard IRS Form 5498 error
Replies: 21
Views: 1334

Possible Error by Vanguard on 2018 Form 5498?

[Thread merged into here, see below. --admin LadyGeek] Hello Bogleheads, I was just looking over my 2018 Form 5498 that I downloaded from Vanguard's website a few weeks ago. I just realized that box 5* shows 0.00. Of course, my Roth IRA did not have a balance of 0.00 on 12/31/2018. In prior years, ...
by Silence Dogood
Thu May 30, 2019 8:42 pm
Forum: Investing - Theory, News & General
Topic: "A Set-It-and-Forget-It Target-Date Series From Vanguard"
Replies: 120
Views: 14126

Re: "A Set-It-and-Forget-It Target-Date Series From Vanguard"

I haven't check with my employer lately but I think the expense ratio for the American Funds was up around 0.78 which seemed pricy to me considering my blended expense ratio for my selected funds was something like 0.16 or something like that. Personally, I think anything over 50 basis points is to...
by Silence Dogood
Thu May 30, 2019 7:57 pm
Forum: Personal Consumer Issues
Topic: Do others dislike Vanguard's new website as much as me?
Replies: 205
Views: 12630

Re: Do others dislike Vanguard's new website as much as me?

One interesting feature is the ability to enter your username and password by phone. I assume you can only use the phone number registered with your account (?), which would make sense from a multi-factor authentication perspective. Telephone entry: Here is the telephone keypad translation of your ...
by Silence Dogood
Wed May 29, 2019 7:35 am
Forum: Investing - Theory, News & General
Topic: How can I check my portfolio as little as possible?
Replies: 69
Views: 3417

Re: How can I check my portfolio as little as possible?

I don't want it to be that east to log in to my brokerage account when I'm feeling very tired ..or worse, inebriated. Accessibility does make it easier to look. In the early days, we had no way to look anyway. In the 80s and much of the 90s there was no internet access to the information. Plus, for...
by Silence Dogood
Tue May 28, 2019 9:52 pm
Forum: Investing - Theory, News & General
Topic: How can I check my portfolio as little as possible?
Replies: 69
Views: 3417

Re: How can I check my portfolio as little as possible?

I don't trust mobile devices to access financial accounts so I'd be comfortable deleting those apps. What is the basis for this? I would trust an app more than a web browser because the chances of phishing would be substantially reduced. You don't have to enter a password and can use bio metric inf...
by Silence Dogood
Tue May 28, 2019 8:26 pm
Forum: Investing - Theory, News & General
Topic: How can I check my portfolio as little as possible?
Replies: 69
Views: 3417

Re: How can I check my portfolio as little as possible?

I don't trust mobile devices to access financial accounts so I'd be comfortable deleting those apps. What is the basis for this? I would trust an app more than a web browser because the chances of phishing would be substantially reduced. You don't have to enter a password and can use bio metric inf...
by Silence Dogood
Sun May 26, 2019 12:48 pm
Forum: Investing - Theory, News & General
Topic: Bogle "5% Gold"
Replies: 248
Views: 26868

Re: Bogle "5% Gold"

I don't understand the "forget gold, just buy bullets and canned beans" argument at all. The economic strife and currency collapses that make gold valuable do not coincide with this type of doomsday-ism. The economy in Germany during the post WW1 hyperinflation saw commerce and day-to-day living co...