Early Retirement & Financial Independence Community - View Single Post - Having all of your money at one brokerage

DangerMouse · 02-06-2008, 09:21 AM

I'll have to admit that I never give any thought to Vanguard or any of the other bigs boys going bust. If it was some fly by night organisation I probably would be bothered.

We both have our 401k's with Fidelity, we buy mutual funds monthly thru our Vanguard and we have a separate account with Wells Fargo for brokerage. We won't move our brokerage account to Fidelity or Vanguard because we get 100 free trades with Wells Fargo and even if you get them for $8 bucks at either Fido or Vanguard, it is a $800 saving.

02-06-2008, 09:21 AM	#9
DangerMouse Thinks s/he gets paid by the post Join Date: Jan 2007 Location: Silicon Valley Posts: 1,025	I'll have to admit that I never give any thought to Vanguard or any of the other bigs boys going bust. If it was some fly by night organisation I probably would be bothered. We both have our 401k's with Fidelity, we buy mutual funds monthly thru our Vanguard and we have a separate account with Wells Fargo for brokerage. We won't move our brokerage account to Fidelity or Vanguard because we get 100 free trades with Wells Fargo and even if you get them for $8 bucks at either Fido or Vanguard, it is a $800 saving. __________________ I be a girl, he's a boy. Semi-FIRED July 08. Mid 40s, no kidlets. Likely to unSemi-FIRE last half of 2009 to sweeten the pot. Market crash of 2008 demonstrated we were not as comfortable with projected revenue as we thought.