Originally Posted by kaneohe
Not sure what VG allows but other funds seem to allow you to do whatever you want.....one blanket decision for all or specific methods for specific funds. Not sure why you would do the latter tho.
I have used specific identification for my equity funds, but let Vanguard track average cost for my short-term bond fund.
The equity funds have very few if any transactions per year, so the book keeping is manageable. However, the short-term bond fund has lots of pesky little transactions, so it has been much easier to let Vanguard track the average cost. If Vanguard had fully supported specific identification from day one, it might not have been much of an issue, but tracking specific identification manually is not much fun when lots of little transactions are involved.