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10-06-2010, 01:30 PM
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#21
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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There goes the neighborhood.
__________________
Al
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10-06-2010, 01:39 PM
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#22
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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 Quote:
Originally Posted by samclem
- Re-affirm their position as the low-cost provider of MFs (against increasing competition from FIDOs Spartan funds)?
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I imagine this is a big part of it. Taking away one of Fidelity's few competitive advantages when it comes to low cost index funds. The Spartan minimums being $10,000 probably drove Vanguard to lower theirs to $10,000.
For $100,000 at fidelity, you could buy up to the spartan Advantage class with even lower ER's than the regular Spartan funds at fidelity.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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10-06-2010, 01:45 PM
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#23
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 897
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{insert infomercial jingle}
"I no longer have to bring my money to Vanguard to achieve Admiral status, they brought Admiral status to ME! Vanguard, you rule."
{end jingle}
-CC
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
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10-06-2010, 01:45 PM
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#24
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by TromboneAl
There goes the neighborhood.
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Really!  Now what can I brag about? 
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10-06-2010, 01:47 PM
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#25
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Institutional fund owner. Price tag: $1 million.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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10-06-2010, 01:52 PM
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#26
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Your "flagship" status? 
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10-06-2010, 02:55 PM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Can't even do that 'cause I'm split between Fido and Vanguard.
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10-06-2010, 05:53 PM
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#28
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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I just converted five funds to Admiral . Thanks !
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10-06-2010, 06:32 PM
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#29
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Full time employment: Posting here.
Join Date: Sep 2004
Posts: 607
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Interesting, DW has a >50K Wellington holding in her 403(b) at Vanguard and that doesn't show up as convertible. I'll have to call them up and ask about this.
This comes at a good time, since I was going to convert some my investor class funds to ETFs. Now I don't have to deal with setting up a brokerage account just to get the 10 basis point gain.
Vanguard was already pretty low cost, so I don't think this was a very expensive move for Vanguard to make to compete with Schwab/Fidelity. Worse cast, lets say you had a 99K Investor share account and converted to Admiral. Most of the Admiral funds are about 10 basis points cheaper than the Investor class. So essentially, that fund is only going to cost about $99 less per year. Nothing to sneeze at if you have a bunch of funds, but not a whole lot of money when viewed in the context of the "retention" bonus to prevent people from switching to other providers.
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10-06-2010, 09:44 PM
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#30
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Quote:
Originally Posted by WanderALot
Interesting, DW has a >50K Wellington holding in her 403(b) at Vanguard and that doesn't show up as convertible. I'll have to call them up and ask about this.
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From Vanguard's website:
Quote:
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Certain retirement accounts that offer special administrative services, such as SIMPLE IRAs, 403(b)(7), individual 401(k), individual Roth 401(k), qualified profit-sharing, and money purchase pension plans, may be ineligible for Admiral Shares
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10-06-2010, 09:56 PM
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#31
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 482
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Quote:
Originally Posted by FD
From Vanguard's website:
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Looks like that applies to Education IRAs also.
__________________
Retire date Jan. 10, 2018
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10-06-2010, 11:38 PM
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#32
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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Thank you! 2 of mine, too!
__________________
I have outlived most of the people I don't like and I am working on the rest.
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10-07-2010, 04:58 AM
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#33
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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10-07-2010, 07:03 AM
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#34
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Quote:
Originally Posted by WanderALot
Vanguard was already pretty low cost, so I don't think this was a very expensive move for Vanguard to make to compete with Schwab/Fidelity. Worse cast, lets say you had a 99K Investor share account and converted to Admiral. Most of the Admiral funds are about 10 basis points cheaper than the Investor class. So essentially, that fund is only going to cost about $99 less per year. Nothing to sneeze at if you have a bunch of funds, but not a whole lot of money when viewed in the context of the "retention" bonus to prevent people from switching to other providers.
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This is probably Vanguard making a smart move at a good time. Their expense ratios had crept up in the 2008-2009 crash. Expenses (the numerator in the expense ratio) remain relatively constant, and the fund assets (the denominator) had decreased sharply. Now, the denominator has partially recovered. They can probably rejigger the thresholds for Admiral status and not influence the ER's on the Investor class a lot versus where they were a year ago.
This move seems entirely consistent with VG trying to have fees aligned with expenses. Small accounts (under $10k) cost more to manage per dollar of AUM.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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10-07-2010, 08:20 AM
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#35
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Recycles dryer sheets
Join Date: Oct 2007
Location: Sugar Land
Posts: 265
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And in a related VG cost cutting measure I just exercised a $2 stock transaction!!
Sweet.
t.r.
__________________
Life is a Holiday!
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10-07-2010, 08:27 AM
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#36
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,781
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Looks like the navy suddenly has a lot more admirals - welcome aboard!
__________________
In a panamax down by the river.
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10-07-2010, 08:31 AM
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#37
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Quote:
Originally Posted by BUM
Looks like the navy suddenly has a lot more admirals - welcome aboard!
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Now that all it takes is being a ten-thousandaire, this club doesn't feel so exclusive... 
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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10-07-2010, 09:13 AM
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#38
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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This is going to confuse Quicken.
__________________
Al
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10-07-2010, 09:51 AM
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#39
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Posts: 17,241
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OK.... just and an FYI... there is a limit of 25 funds...
Now, I was told that I had reached that limit... but they looked and that includes my taxable accounts, my Roth, and my regular IRA... I mentioned that a good number of the accounts have zero balance (just checked... 11 with zero balance) as I converted to Admiral... and also converted from regular to ROTH...
They are going to split the accounts into their components so I can get this last one done...
I also agree that the $2 trade is sweet.... as long as you do not go penny stock.... I put one in and the commission was $170... did not do it...
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10-07-2010, 11:00 AM
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#40
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
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I just converted two more funds. Thanks for the tip!
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