Vanguard Mutual Funds using TD Ameritrade

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Invest4Life2882
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Vanguard Mutual Funds using TD Ameritrade

Post by Invest4Life2882 » Fri Apr 24, 2020 6:57 pm

I can’t find a clear answer on this.

I was looking to purchase VTSAX mutual fund in TD Ameritrade as a mutual fund and it does show there is a fee. But it’s not clear what the fee is?

Does anyone purchase vanguard mutual funds through TD Ameritrade?

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Duckie
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Re: Vanguard Mutual Funds using TD Ameritrade

Post by Duckie » Fri Apr 24, 2020 7:05 pm

Invest4Life2882 wrote:I was looking to purchase VTSAX mutual fund in TD Ameritrade as a mutual fund and it does show there is a fee. But it’s not clear what the fee is?
The transaction fee to purchase VTSAX at TD Ameritrade is $49.99. See here under Mutual Funds/No-Load. The fee to purchase VTI, the ETF of VTSAX, is $0.

nix4me
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Re: Vanguard Mutual Funds using TD Ameritrade

Post by nix4me » Fri Apr 24, 2020 7:13 pm

Agreed, use ETF VTI or VOO

Lastmohecken
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Re: Vanguard Mutual Funds using TD Ameritrade

Post by Lastmohecken » Fri Apr 24, 2020 7:28 pm

nix4me wrote:
Fri Apr 24, 2020 7:13 pm
Agreed, use ETF VTI or VOO
Yep, my money is invested in several TD Ameritrade accounts and I didn't realize the fee was 49 plus dollars. I am still holding VTSAX but won't buy anymore or any other mutual fund. I will stay with the Vanguard ETF's from now on, in any TD Ameritrade account.

I guess it will cost me the 49 dollar fee to sell the VTSAX down the road, also. Right?

Topic Author
Invest4Life2882
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Re: Vanguard Mutual Funds using TD Ameritrade

Post by Invest4Life2882 » Fri Apr 24, 2020 7:34 pm

Is it $49.99 every time you purchase VTSAX or just $49.99 one time fee?

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Duckie
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Re: Vanguard Mutual Funds using TD Ameritrade

Post by Duckie » Fri Apr 24, 2020 8:09 pm

Invest4Life2882 wrote:Is it $49.99 every time you purchase VTSAX or just $49.99 one time fee?
Every time for a standard purchase. Automatic dividend reinvestment might be exempt.

If you want to buy Vanguard mutual funds, buy them at Vanguard. If at a different brokerage buy Vanguard ETFs (also Schwab, iShares, and SPDR ETFs).

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birdog
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Re: Vanguard Mutual Funds using TD Ameritrade

Post by birdog » Fri Apr 24, 2020 8:12 pm

Lastmohecken wrote:
Fri Apr 24, 2020 7:28 pm
nix4me wrote:
Fri Apr 24, 2020 7:13 pm
Agreed, use ETF VTI or VOO
Yep, my money is invested in several TD Ameritrade accounts and I didn't realize the fee was 49 plus dollars. I am still holding VTSAX but won't buy anymore or any other mutual fund. I will stay with the Vanguard ETF's from now on, in any TD Ameritrade account.

I guess it will cost me the 49 dollar fee to sell the VTSAX down the road, also. Right?
Right. Unless the fee is amended in some way.

Retired1809
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Re: Vanguard Mutual Funds using TD Ameritrade

Post by Retired1809 » Fri Apr 24, 2020 8:43 pm

I agree with the advice, if you're going to trade with TD Ameritrade and want the Vanguard Total Stock Market Index fund, use the ETF: VTI.

And there's another reason: you can't buy VTSAX (The Admiral class of the Vanguard Total Stock Mkt Index fund) at TD Ameritrade. I believe it's only available directly from Vanguard.

dukeblue219
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Re: Vanguard Mutual Funds using TD Ameritrade

Post by dukeblue219 » Fri Apr 24, 2020 8:59 pm

Lastmohecken wrote:
Fri Apr 24, 2020 7:28 pm
I guess it will cost me the 49 dollar fee to sell the VTSAX down the road, also. Right?
I can't speak to TD specifically on this, but Fidelity charges $70ish for Vanguard funds each time you buy, but sales are free.

HawkeyePierce
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Re: Vanguard Mutual Funds using TD Ameritrade

Post by HawkeyePierce » Fri Apr 24, 2020 9:03 pm

Ameritrade is, in general, a bad choice for mutual funds. Their list of NTF funds is pretty bad, I think the lowest ER on the list is 0.3%.

Retired1809
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Re: Vanguard Mutual Funds using TD Ameritrade

Post by Retired1809 » Fri Apr 24, 2020 9:09 pm

If you want to buy VTSAX, open an account with Vanguard. There's no fee (or brokerage charge) to buy or sell. And at Vanguard, you're an owner.

Alan S.
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Re: Vanguard Mutual Funds using TD Ameritrade

Post by Alan S. » Fri Apr 24, 2020 9:17 pm

HawkeyePierce wrote:
Fri Apr 24, 2020 9:03 pm
Ameritrade is, in general, a bad choice for mutual funds. Their list of NTF funds is pretty bad, I think the lowest ER on the list is 0.3%.
Wait another 6 months - Schwab has just re confirmed their intent to go ahead with the TD Ameritrade acquisition and expects it to be completed later this year. That should result in several changes, good or bad based on how you have been using TD.

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