Join Early Retirement Today
Reply
 
Thread Tools Display Modes
I just opened an account at Vanguard and have a question!?
Old 05-18-2007, 11:40 AM   #1
Full time employment: Posting here.
VaCollector's Avatar
 
Join Date: May 2007
Posts: 549
I just opened an account at Vanguard and have a question!?

Based on your previous advice - I am still in the midst of my "retirement studies" having read Bob Clyatt's book "Work Less, Live More" (found it to be enlightening and encouraging)...am currently in the midst of "Mutual Funds for Dummies" ....and have "The Four Pillars of Investing" awaiting my attention once I feel like I have a decent grasp on the terminology.....which at this point seems like it could be a while....

Based on the board's astute recommendation of Vanguard, I have opened a money market account with the anticipation that I will move other funds as soon as my light bulb goes on off and I can UNDERSTAND what I'm doing.....

I currently have a considerable amount invested in individual stocks and was wondering if I can transfer them directly or if I will need to sell them prior to transferring?.....if I CAN transfer them to Vanguard, should I save $$$ letting them sell them??

Recommendations? Experiences?

Thank you for your insights!

VaCollector is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: I just opened an account at Vanguard and have a question!?
Old 05-18-2007, 11:41 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
Re: I just opened an account at Vanguard and have a question!?

Particularly if there are tax ramifications to sellng the individual stocks, I would definately just transfer them to VG and leave them there until you have done the necessary research.
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply With Quote
Re: I just opened an account at Vanguard and have a question!?
Old 05-18-2007, 11:46 AM   #3
Full time employment: Posting here.
VaCollector's Avatar
 
Join Date: May 2007
Posts: 549
Re: I just opened an account at Vanguard and have a question!?

thanks brewer.....

tax issues aside.....should Vanguard costs be cheaper?
VaCollector is offline   Reply With Quote
Re: I just opened an account at Vanguard and have a question!?
Old 05-18-2007, 11:49 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
Re: I just opened an account at Vanguard and have a question!?

Cheaper than some, not others. Where are the stocks coming from? Merrill/Morgan/Wachovia/etc. will almost certainly be a lot more expensive than VG.
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply With Quote
Re: I just opened an account at Vanguard and have a question!?
Old 05-18-2007, 12:01 PM   #5
Thinks s/he gets paid by the post
FIRE'd@51's Avatar
 
Join Date: Aug 2006
Posts: 2,433
Re: I just opened an account at Vanguard and have a question!?

Quote:
Originally Posted by VaCollector
tax issues aside.....should Vanguard costs be cheaper?
Here's a link to VG fees and commission rates:

https://flagship.vanguard.com/VGApp/...lueContent.jsp
__________________
I'd rather be governed by the first one hundred names in the telephone book than the Harvard faculty - William F. Buckley
FIRE'd@51 is offline   Reply With Quote
Re: I just opened an account at Vanguard and have a question!?
Old 05-18-2007, 12:23 PM   #6
Full time employment: Posting here.
VaCollector's Avatar
 
Join Date: May 2007
Posts: 549
Re: I just opened an account at Vanguard and have a question!?

stocks will be coming from Wachovia and Amerprise.....

Thanks FIRE'd@51....I'll compare them to see what might work out best!
VaCollector is offline   Reply With Quote
Re: I just opened an account at Vanguard and have a question!?
Old 05-18-2007, 12:29 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 10,252
Re: I just opened an account at Vanguard and have a question!?

You can transfer your stocks "in kind" to an account at Vanguard Brokerage Services without selling them. I'm not sure why you would want to do so though.

What is the end result you are trying to achieve? If you are going to let the stock shares sit there until you die, then it is probably not a bad idea. If you are going to sell all the shares over the next few years and buy Vanguard funds, then it is probably not a bad idea. If you are thinking of selling shares and buying other shares or buying exchange-traded funds, then I think it is not such a good idea.

I have an account at Vanguard for all my Vanguard mutual funds. I have a brokerage account at WellsFargo for my exchange-traded funds and a few stocks. My checking account is with WF as well. They are the cheapest for me for buying/selling non-Vanguard stuff. By cheap, I mean free which is very hard to get cheaper than.
LOL! is offline   Reply With Quote
Re: I just opened an account at Vanguard and have a question!?
Old 05-18-2007, 05:27 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,107
Re: I just opened an account at Vanguard and have a question!?

If your $$$$ add up to 1M as a family you can trade for $8-
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Re: I just opened an account at Vanguard and have a question!?
Old 05-18-2007, 06:03 PM   #9
Full time employment: Posting here.
 
Join Date: Jan 2006
Posts: 899
Re: I just opened an account at Vanguard and have a question!?

Quote:
Originally Posted by Brat
If your $$$$ add up to 1M as a family you can trade for $8-
And if I recall correctly the first 12 free trades of year the year are free.
mb is offline   Reply With Quote
Re: I just opened an account at Vanguard and have a question!?
Old 05-19-2007, 08:15 AM   #10
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Re: I just opened an account at Vanguard and have a question!?

Call VG customer service and tell them that you want to do an ACAT from your other accounts . This will move all of your stock in-kind (as is).

saluki9 is offline   Reply With Quote
Reply

Tags
vanguard


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Quick Links

 
All times are GMT -6. The time now is 09:07 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.