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Old 08-10-2013, 08:30 PM   #21
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I have just logged into my Schwab account, and tried to buy Wellington and Wellesley. The software let me, but I did not go through with it in case I could not cancel the orders.

So, I do not know what problem redduck was having.
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Old 08-10-2013, 09:59 PM   #22
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A problem with Scottrade while trying to buy (not really) either VWINX or VWELX: a notice shows up in red for each of these funds saying if I want to buy these funds I need to speak to the branch manager. It also says that these two symbols are incorrect. It also stated I should notify NW-Bound of this situation. (Kind of eerie, no?)
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Old 08-10-2013, 10:13 PM   #23
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I just logged into my Scottrade account, expecting a message "redduck requesting assistance!".

No, I did not see that.

So, I tried to place an order for VWINX. It let me, but of course I did not hit "confirm", in case I could not cancel the order.

Then, I had the idea of trying to enter that symbol as a stock, and not a mutual fund. It stopped me in my track, saying "CR99: trading currently disallowed". Hmm... That's misleading.

PS. But whatever the problem is, it is better to buy direct at Vanguard anyway to save on fees. Schwab charges $76/order. Scottrade may charge a similar amount. As much as I like to help my friends, I am too cheap to spend $76 to find out if the order really goes through. That buys me two wine bottles at my favorite French bistro. And yes, the last time we dined with a close-friend couple, I ordered 2 bottles of wine. The wives did not drink. Me and my friend, we did the 2 bottles between ourselves.

By the way, we spent 3 hours at the table, so we were sober when we stood up.

And no, I did not order 2 simultaneously. One bottle at first, but then half-way through the main course, that bottle ran dry. What's a guy to do? Go thirsty?
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Old 08-10-2013, 11:00 PM   #24
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Ooh, that's embarrassing (for me). I obviously tried to place these orders (not really) as stocks--not as mutual funds.

Anyhow, I just went back to the Scottrade website and it's down for maintenance. (Odds are probably about 50-50 I'm getting this right).


"The bottle ran dry"? That's an interesting way of looking at it.
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Old 08-11-2013, 01:25 PM   #25
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I checked again at Scottrade, and they charge up to $17 for each buy/sell order. That's high compared to stock trade fees of $7, but still a lot less than Schwab at $76. How the heck it costs so much for MF at Schwab?

I made a mistake many years ago of buying a MF through Schwab and got hit unexpectedly with that big fee. No more!

However, Schwab has a lot of no-trading fee MFs and ETFs to select from, so I still have accounts with them. By the way, many of Schwab index funds have lower expense ratios than Vanguards. When I plotted their performance against Vanguard's equivalents, they do not track exactly, but close enough.
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