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How to Cancel Vanguard Mutual Fund Buy Order
Old 01-08-2009, 01:49 PM   #1
Confused about dryer sheets
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Join Date: Jan 2009
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Hi there!!!

I've been lurking around this board for a while now and I've finally decided to join.

I've just started getting serious about my IRA and I've been investing in mutual funds with Vanguard.

I have a question that I can't seem to find the answer to. I'm trying to find out how to cancel a mutual fund buy order on the Vanguard website. I know that the price of the mutual fund is calculated at the end of each trading day at the closing bell, and I've heard of people placing a mutual fund buy order early in the day, and then canceling the order before the closing bell at 4:00 pm if they don't like the way the stocks are moving.

I can't seem to find where to cancel an order when I log on to the Vanguard website. Can I cancel the buy order online on their website, or do I have to call Vanguard customer service and explain why I'm canceling an order :confused:

I usually don't believe in market timing like this, but with the Dow Jones moving up and down so erratically, I don't want to be caught throwing my IRA contribution in on a high day, only to lose a lot of it the very next day.

I know there are some Vanguard pros on this board so I would really appreciate any help you guys and gals could give me.
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