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I recently bought some VASIX in a taxable account and I noticed when I check the account details it says "Vanguard LifeStrategy Income Fund Investor Shares (Cash)". I can't ever remember seeing "cash" next to any of my funds before, and I can't figure out what it could indicate. Anybody know?
I think you would not be able to buy on margin until you got approved for a margin account. Then it would likely say "margin" even if you did not buy on margin.
Thanks. Actually this account is my margin approved account (my old Vanguard Advantage account.) My other accounts don't have margin access and they don't show any sort of tags. It's the first time I've held anything other than settlement funds in this account. Maybe it's a temporary tag since I recently made the purchase and the shares aren't available for margin use yet?
Prior discussion and explanation here: Why is my Vanguard VSTAX fund split into a a regular and (Cash) funds?