The threatened legal action is a civil lawsuit, not a US government criminal action. There's a big difference. Pretty much anybody can sue anybody else over anything in a civil action. See the civil lawsuit filed to get the US Army to disgorge alien autopsy results, for example, or a student suing a high school teacher for waking him up in class.
I get "this is temporarily not working" when I click the performance tab. I also get the pie charts showing your allocation giving me the wrong data and it changes every few weeks...and this with 100% vanguard funds. They cant do a 'portfolio x-ray' for their own stuff. Oh and my penfed cd's stopped reporting the right numbers until I removed and recreated their external link.
It was an inconvenience for a few weeks. A fair annoyance after a month or two. Pretty much ridiculous when it runs into a four month period.
I think it has to do with the amt of money involved and some of my fund choices. The wacky stuff started happening right around the time when I bought the managed payout funds. So it seems to only be affecting some portion of their customers.
But I cant tell, since they've ignored several requests to tell me what the problem is.
I've got a good nose for smelling rot in a company when it starts. I'm starting to smell some rot.
Can you provide a few examples of these commercials so that I can make a more informed decision?
Great commercial, but I totally missed whatever they were selling.
Even after watching it twice!
have you tried to access your Vanguard account from a different computer and gotten the same results?
CFB
AMEN!
Vanguard "administers" my former MegaCorp's pension. It took four months and multiple calls to the MegaCorp Pension Mgr to get me a correct answer for my estimated payout for a couple different start date. They claim to have online estimates---only problem is that they are incorrect and partially calculate the full payout. Duh!
It will (or at least should) chap them when payouts start, I am going to auto deposit in my Fidco account.
Just face it, Vanguard best handles "vanilla", any variations not so good. For crying out loud, an email to your Flagship reps takes three flippin days to get a reply and that is when they are at their best.
I am still debating moving it all to Fidco and being done. Let us know if you move and what you find as an option
Nwsteve
Vanguard's giving their customers everything they're paying for.So much for being cheap and low-cost.
Maybe this'll put a little crimp in all the web site "upgrades".
So maybe this company has jumped the shark. Poor customer service, months to make basic fixes, overdoing the web site stuff, flaky funds that buy into illegal companies.
I'm now considering other options.
Yeah, at least Fidelity had the class to hire a boat and throw a party...The racketeering stuff is silly, IMO. Ownership of a publicly traded entity that is involved in a business which the feddle gummint doesn't want competition should not be grounds for getting whacked.
Far more serious, IMO, is the issue of violating fiduciary duties to investors. That, ultimately, is what these guys get paid for and they dropped the ball. For this, some heads should roll.
Put it back in your pants, FinanceDude
Shoddy American Funds? Hey, even Bogle says they do good work.........
"They've gotten too big," blasts former Vanguard chairman John Bogle, a longtime critic of the fund industry who now runs the Bogle Financial Markets Research Center. "I'd expect below-average performance in the years ahead."
All the great Goog gave me for recent news was:
and that was 2006
American Funds: Too big for its own good? - August 7, 2006
Its in the pile somewhere, I think it was around 2002 or 2003. Funny he says American Funds is too big, but doesn't think HIS funds are too big..............
I thought it mattered when managed funds got too big, but I didnt think that it mattered how big an index fund got...
I'm not sure if I've heard him talk about his funds. Which funds are those? If you mean Vanguard's funds, well, he's not there... hope that doesn't come as a shock, but he's been retired for a while.
I know he's been pretty harsh of Vanguard for encouraging short-term investing (ETFs) and adding more actively managed funds.
But, regardless, if the most recent news of him liking American is from 2002 or 2003, then I'd assume more recent news would trump that.
I know he's been pretty harsh of Vanguard for encouraging short-term investing (ETFs) and adding more actively managed funds.
Its in the pile somewhere, I think it was around 2002 or 2003. Funny he says American Funds is too big, but doesn't think HIS funds are too big..............