Hi,
Does anyone know a creative way to fund their Vanguard brokerage account?
It seems you have to keep money in the Vanguard money market, so you can trade on-line. It pays basically zero.
The only other option I know of, is to transfer money from your bank account the day you want to make the trade, but then you have to call them and they will verify the funds are in your bank account, then you have to ask them to do the trade over the phone. It can not be done on-line.
I don't believe you can keep the money in a fund, since I believe they settle after hours. I believe ETF's settle right away.
I see Vanguard has some short term bond ETF's which they say are very low risk. Maybe you could keep a chunk of money in those, then sell when you want to buy a stock? I imagine there may be some fees.
Any thoughts would be appreciated.
Does anyone know a creative way to fund their Vanguard brokerage account?
It seems you have to keep money in the Vanguard money market, so you can trade on-line. It pays basically zero.
The only other option I know of, is to transfer money from your bank account the day you want to make the trade, but then you have to call them and they will verify the funds are in your bank account, then you have to ask them to do the trade over the phone. It can not be done on-line.
I don't believe you can keep the money in a fund, since I believe they settle after hours. I believe ETF's settle right away.
I see Vanguard has some short term bond ETF's which they say are very low risk. Maybe you could keep a chunk of money in those, then sell when you want to buy a stock? I imagine there may be some fees.
Any thoughts would be appreciated.