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Old 12-18-2010, 09:50 AM   #41
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I just tried doing the same thing, moving $25K from VFIIX to my MMkt account. I went all the way through the process, stopping at the last "review and confirm" step and got no $10K limit message.
Thanks for risking a mistaken transaction for the sake of truth and the forum. I would have worried that I'd sneeze and hit the "Confirm" button by mistake.
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Old 12-18-2010, 09:52 AM   #42
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No bond panic, no restrictions on selling shares, no soup Nazis...
A.K.A. "User Error"
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Old 12-18-2010, 10:46 AM   #43
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Why should it matter if people pull funds and reinvest, its up to them? Almost all fund families, I think Fido is included, let you do it without restrictions.
No, they don't. My 401k is at Fidelity and they have such restrictions. I know this from personal experience. In fact even buying a fund and then selling it within a certain period of time gets them up in arms.
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Old 12-18-2010, 11:01 AM   #44
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VG is like a soup Nazi on their funds. Redemptions should not be a big deal, but they seem to be at VG........
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I don't see it. I pulled out large amounts to pay off mortgages online, overnight, with no problem whatsoever. I did get warnings about reinvesting in the same funds but I didn't see that as a problem.
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Why should it matter if people pull funds and reinvest, its up to them? Almost all fund families, I think Fido is included, let you do it without restrictions.
Uh, what? The above is the chain of calls and responses. You called VG soup nazis for not letting customers pull funds. I responded by explaining that I have pulled large sums with no such problems. You respond to that with... what, a non sequitur?
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Old 12-18-2010, 04:10 PM   #45
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Uh, what? The above is the chain of calls and responses. You called VG soup nazis for not letting customers pull funds. I responded by explaining that I have pulled large sums with no such problems. You respond to that with... what, a non sequitur?
The problem appears to NOT be PULLING the funds, but REINVESTING into the same fund within a time frame set by VG........

If folks want to pull out of a VG bond fund right now, and go back in within 90 days, it seems that is the restriction, and that restriction is one most fund families do not have.....
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Old 12-18-2010, 08:43 PM   #46
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The problem appears to NOT be PULLING the funds, but REINVESTING into the same fund within a time frame set by VG........

If folks want to pull out of a VG bond fund right now, and go back in within 90 days, it seems that is the restriction, and that restriction is one most fund families do not have.....
Umm...you did see my post didn't you that Fidelity has restrictions as well?

See:

https://401k.fidelity.com/public/con...siveTradingPol

In any event it appears that the issue from the OP wasn't a restriction on reinvesting but wanting to put the sales proceeds in a fund that has restrictions on putting money into it...
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Old 12-18-2010, 08:48 PM   #47
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The problem appears to NOT be PULLING the funds, but REINVESTING into the same fund within a time frame set by VG........

If folks want to pull out of a VG bond fund right now, and go back in within 90 days, it seems that is the restriction, and that restriction is one most fund families do not have.....
Just pay the 5% front end load?
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Old 12-19-2010, 08:49 AM   #48
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Why should it matter if people pull funds and reinvest, its up to them? Almost all fund families, I think Fido is included, let you do it without restrictions.
Not true. Fidelity has the same 90 day lock out for Spartan funds in my 403b and 401a.

If this is what it takes to keep the ER low I'm fine with that. The day traders can take their business elsewhere.

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Old 12-19-2010, 10:16 AM   #49
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Not true. Fidelity has the same 90 day lock out for Spartan funds in my 403b and 401a.

If this is what it takes to keep the ER low I'm fine with that. The day traders can take their business elsewhere.

DD
+1. I appreciate that VG takes steps to keep our ERs low.
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Old 12-19-2010, 10:26 AM   #50
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Not true. Fidelity has the same 90 day lock out for Spartan funds in my 403b and 401a.

If this is what it takes to keep the ER low I'm fine with that. The day traders can take their business elsewhere.

DD
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Old 12-19-2010, 01:21 PM   #51
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Vanguard has saved me thousands of dollars in costs and is getting better each day. However if your investing style does not fit with the VG model it's probably best for all concerned that you move on. Simply a business decision
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Old 12-20-2010, 12:11 PM   #52
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Not true. Fidelity has the same 90 day lock out for Spartan funds in my 403b and 401a.

If this is what it takes to keep the ER low I'm fine with that. The day traders can take their business elsewhere.

DD
+3
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Old 12-20-2010, 12:40 PM   #53
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To the OP.... did you move


Or was it just a vent....
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Old 12-20-2010, 01:27 PM   #54
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If this is what it takes to keep the ER low I'm fine with that.
That's no the reason they do that............what day trader do you know that day trades funds, when the world of ETFs and stocks is so large? It's one of those old outdated rules that some companies have.........
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Old 12-20-2010, 02:45 PM   #55
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That's no the reason they do that............what day trader do you know that day trades funds, when the world of ETFs and stocks is so large? It's one of those old outdated rules that some companies have.........
I guess if Vanguard intends to have the lowest total fund costs & expenses as an objective, they should manage the funds to achieve it. Trading costs might not be as much as in the past but the churn of selling and buying still adds costs that are paid by the remaining investors. If they feel that a low investor turnover saves a few pennies and are investors are willing to sign up, what's the objection? These conditions are clear and up front - nothing hidden.
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Old 12-20-2010, 03:03 PM   #56
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That's no the reason they do that............what day trader do you know that day trades funds, when the world of ETFs and stocks is so large? It's one of those old outdated rules that some companies have.........
One thing I've learned in my life is "Whatever people CAN do, they WILL do." I agree it makes no sense to day trade funds but if Vanguard didn't discourage it, somebody would do it and drive up costs. Vanguard discloses their philosophy and rules all over the place so it shouldn't be a surprise. I'm all for Vanguard keeping my costs down by putting a time limit on round trips for a fund.

Lorne
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Old 12-20-2010, 03:32 PM   #57
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One thing I've learned in my life is "Whatever people CAN do, they WILL do." I agree it makes no sense to day trade funds but if Vanguard didn't discourage it, somebody would do it and drive up costs. Vanguard discloses their philosophy and rules all over the place so it shouldn't be a surprise. I'm all for Vanguard keeping my costs down by putting a time limit on round trips for a fund.
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That's not the reason...........
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Old 12-20-2010, 03:54 PM   #58
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That's it, if Vanguard won't let me day trade my mutual funds I'm moving everything to AG Edwards to I can give it away instead.
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Old 12-21-2010, 08:48 AM   #59
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That's it, if Vanguard won't let me day trade my mutual funds I'm moving everything to AG Edwards to I can give it away instead.
Shucks, I don't work at AG Edwards............
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Old 12-21-2010, 11:20 AM   #60
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That's not the reason...........
Then what is?

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