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Old 04-09-2010, 07:57 AM   #21
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So...we met with the Fidelity rep today. That office was VERY busy.

We found out we could buy VWIAX for a fee of $75. There would be no other fees associated with this fund from Vanguard. We can buy any type of fund online with the IRA account and no paperwork has to be filled out. I guess I was used to the old days of paperwork flying around for a month.

We got a bit sidetracked and we didn't discuss VWIAX much, but she did recommend that we take a look at OAKBX, PTTDX and PLDDX. All of these funds hover around .85% er. We're also going to look into ETFs.

As far as 'status' goes, she said that no longer applies to Fidelity.

We have a lot of homework to do.
You could probably do a combination of these funds or etf's to come up with something similar to Wellesley, but I would just pay the $75 fee and be done with it if you like Wellesley's profile.
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Old 04-10-2010, 05:40 PM   #22
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You could probably do a combination of these funds or etf's to come up with something similar to Wellesley, but I would just pay the $75 fee and be done with it if you like Wellesley's profile.
I took your advice and that's what I did today. How much do I owe you?
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Old 04-10-2010, 07:05 PM   #23
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Hey wait - I thought I gave you that advice! LOL!

I own a few transaction fee funds, and that's what I do - put in a big chunk. And then once it's in there it stays in and I enjoy the low ERs.

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Old 04-10-2010, 08:47 PM   #24
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I took your advice and that's what I did today. How much do I owe you?
$75.
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Old 04-10-2010, 10:14 PM   #25
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Hey wait - I thought I gave you that advice! LOL!
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$75.
Well I suppose I'll split the difference...the checks are in the mail!

I just hope now that I'm a pssst owner, the fund doesn't tank...
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Old 04-11-2010, 10:31 AM   #26
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Check out FNMIX

Check FNMIX. Its performances are better than VWIAX. I just put a small amount in this fund.
Any other similar fund, please let me know.
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Old 04-11-2010, 11:02 AM   #27
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Oooh...I just took a look at that fund. It looks appealing and a little dangerous. I might have to put a few bucks there...thanks.
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Old 04-11-2010, 11:17 AM   #28
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Check FNMIX. Its performances are better than VWIAX. I just put a small amount in this fund.
Any other similar fund, please let me know.

These two funds are extremely different. Why would you compare them?

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Old 04-11-2010, 11:27 AM   #29
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I appreciate this thread. I have a Vanguard account, but there is a Fido office downtown. I think I am going to take a day off w*rk and check it out.

I find the Vanguard website confusing and my partner is not into finance so the face to face would make her more comfortable.

I didn't know the $75 transaction fee was the only extra cost to owning Wellesley. Wellesley was one of the reasons I wanted to stay with Vanguard.

Thanks for all the info.
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Old 04-11-2010, 12:56 PM   #30
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Helen, I am the type of person that needs face to face to understand some things. I'm able to ask questions and I can repeat what they say to me (in my own terminology) to make sure I understand their answer. I know I could possibly receive incorrect info from any source; but if I gather info from this forum, a Fido rep, and their website with the same conclusion, I feel I can go forward with confidence.

I no longer nod my head in understanding when I truly do not comprehend a subject.

Arm yourself with questions...it's your money and your future.
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Old 04-11-2010, 04:07 PM   #31
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Thanks bbbami. The more I think about this the more it sounds like a good idea. I'm going to be mostly index funds and Wellesley and I can do that from either Vanguard or Fidelity. I think Fido's index funds are even cheaper than Vanguard's.
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Old 04-21-2010, 06:08 PM   #32
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As a newcomer here, please forgive me if this is covered in a faq somewhere, but I think my question does seem appropriate for this thread: Does Fidelity add any "uplift" to the Expense Ratio on a Vanguard Fund, or just the $75.00 transaction fee on the purchase? i.e. if Vanguard indicates an ER of .08 (for example), is that what you will pay via Fidelity also?
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Old 04-21-2010, 06:20 PM   #33
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Just the $75 up front to buy shares. After that it is just like owning it though Vanguard - same expense ratio*. No charge to sell shares. No charge for automatic reinvestment of shares.

So if it is a one-time buy-in type deal, it's not so bad.

* One key point though - you can only buy the regular Vanguard shares. Vanguard has available slightly lower cost "Admiral Shares" for direct customers who have enough $$ invested through Vanguard. These Admiral Shares are not available through Fidelity.

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Old 04-22-2010, 07:24 AM   #34
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In similar situation, invested in several Vanguard funds thru USAA brokerage. It is really nice to have your investments at Vanguard pop up on the USAA accounts page with the rest of our crap insurance, banking, etc.

However we recently initiated some transfers of funds to Vanguard proper as we've figured out that with some rearranging we can get admiral shares, something you can't do if held thru brokerage.
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