Originally Posted by BigE
Should I buy Vanguard ETF's via this "brokerage" option?? Will they let me send monies to a Vanguard brokerage acct and then I can buy and sell ETFs myself? I have been so frustrated with their limited options that I have 100k in a 0.5 percent CD. Any input welcome. Thanks in advance.
What do they charge for commission with their brokerage account? It could be worth it to pay their commission to buy rock-bottom Vanguard ETFs outside of a typical
corporate 401k...consider the alternative that poor w*rking schmucks like me have to deal with, where my work 401k's BEST (lowest cost) offering is 0.94% (Vanguard Target 2050), compared to a direct-purchase expense ratio of 0.19% for the same fund! Or the Vanguard Small Cap Index of 1.12% in my plan, versus buying it directly and having a 0.17% expense ratio! So you could pay a commission of a whopping 1.5% to buy either of those funds, and still break-even (or come out ahead) after just 2 years compared to what my 401k plan offers!
Now that I think of it, my thread I started about that other employer that's courting me with an initial salary reference that's lower could be worth as I would finally be able to move my $70k 401k funds to Vanguard and have a 0.75%+ cut in expenses each year!
(j/k - not THAT serious about it. If that 401k had $300k in it, it'd be a different story...)