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Why Canít I Sell ALL!!!
Old 12-01-2019, 10:24 AM   #1
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Why Canít I Sell ALL!!!

With some Vanguard transactions there is/was an option to sell all, but some transactions only offer shares or dollars - no “sell all.”

I recently deployed about $50K and wanted to use it all to buy a fund. I know the price changes daily so I entered the number of shares to the third decimal place - “all” according to the statement that day.

The transaction completes and I see there’s still $7 and change left.

I call my Flagship rep and he says there must have been interest/dividend that day (wasn’t month end) but he’ll invest the remaining $7+ for me.

So I look today and now there’s still $0.46 there! Huh?

So I’ll call again but this shouldn’t be this hard...
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Old 12-01-2019, 10:31 AM   #2
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Same when we cashed our CD. That annoying extra gain or loss is a puzzle. We were a few $$ off. I guess since we cashed it a couple of days after the due date that changed it's value.
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Old 12-01-2019, 10:41 AM   #3
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Quote:
Originally Posted by Midpack View Post
With some Vanguard transactions there is/was an option to sell all, but some transactions only offer shares or dollars - no ďsell all.Ē

I recently deployed about $50K and wanted to use it all to buy a fund. I know the price changes daily so I entered the number of shares to the third decimal place - ďallĒ according to the statement that day.

The transaction completes and I see thereís still $7 and change left.

I call my Flagship rep and he says there must have been interest/dividend that day (wasnít month end) but heíll invest the remaining $7+ for me.

So I look today and now thereís still $0.46 there! Huh?

So Iíll call again but this shouldnít be this hard...
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Old 12-01-2019, 11:36 AM   #4
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With some Vanguard transactions there is/was an option to sell all, but some transactions only offer shares or dollars - no ďsell all.Ē
I don't make that many transactions, but so far I have not seen that. Every transaction I've done on Vanguard has a check box to the right of the amount box to "sell all shares".

I use the Transact drop down link on the holdings tab. I know some options (like Convert to Roth) don't appear on that menu. You have to select it through the Balances and Holdings link under the My Account option at the top of the web page. I wonder if the sell all shares option is similar?
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Old 12-01-2019, 11:56 AM   #5
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I have a similar issue with my 401k, which I rolled over to an IRA when I quit in August. After the rollover, there was a small dividend deposit, which you'd think Fidelity would redirect into the IRA. But there it is in the 401k, and I just noticed they also charged a maintenance fee on the 401k in October! Buggers!
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Old 12-01-2019, 12:00 PM   #6
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Originally Posted by O2Bfree View Post
I have a similar issue with my 401k, which I rolled over to an IRA when I quit in August. After the rollover, there was a small dividend deposit, which you'd think Fidelity would redirect into the IRA. But there it is in the 401k, and I just noticed they also charged a maintenance fee on the 401k in October! Buggers!
My rollover to Vanguard was a long time ago, but at least with that they told me upfront they'd sweep the 401k three times to make sure they got it all.

And while some transactions do offer "sell all" as an option on Vanguard, I have run into a few that gave "shares" or "dollars" as the only choices. It's idiotic and unnecessary IMO.
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Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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Old 12-01-2019, 03:45 PM   #7
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When I have sold all off a holding, it was done by entering the shares amount to the highest whole number. Once there is a partial share remaining, Vanguard will liquidate that partial share after the whole shares have been sold.
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Old 12-01-2019, 04:03 PM   #8
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Yeah I could only think of two things: a pending dividend or a partial share leftover that needs to be liquidated separately.
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Old 12-01-2019, 04:07 PM   #9
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I have a similar gripe with Fidelity - they only allow a maximum tax withholding of 99% whereas Vanguard allows 100%. I don't see the point of restricting it.
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Old 12-01-2019, 06:31 PM   #10
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Some years ago, I rolled out my IRA from Scottrade to Merrill Edge in order to reduce trading fees from $7 to $0, when Merrill Edge offered a good deal to accounts with a high balance.

A week or two after the move, there was $260 deposited due to dividends being paid on some stocks that I owned!

Moving that money again would incur another fee, so I let it sit there until I got to 59-1/2 to do a normal distribution. The account was automatically closed when the balance got to 0.

As it worked out, Scottrade merged with TD-Ameritrade, which just got bought out by Schwab, which just reduced the trading fee to 0. And I already have accounts with Schwab going back 25 years. Hah! Still, in the intervening years since moving out of Scottrade, I saved a lot of money on trading fees, so it was all worth it.

In the case of the OP's residual 46 cents, Vanguard should have an option to allow that money to go to a common bucket for charity donations.
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