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04-09-2010, 06:57 AM
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#21
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Quote:
Originally Posted by bbbamI
So...we met with the Fidelity rep today. That office was VERY busy.
We found out we could buy VWIAX for a fee of $75. There would be no other fees associated with this fund from Vanguard. We can buy any type of fund online with the IRA account and no paperwork has to be filled out. I guess I was used to the old days of paperwork flying around for a month.
We got a bit sidetracked and we didn't discuss VWIAX much, but she did recommend that we take a look at OAKBX, PTTDX and PLDDX. All of these funds hover around .85% er. We're also going to look into ETFs.
As far as 'status' goes, she said that no longer applies to Fidelity.
We have a lot of homework to do.
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You could probably do a combination of these funds or etf's to come up with something similar to Wellesley, but I would just pay the $75 fee and be done with it if you like Wellesley's profile.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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04-10-2010, 04:40 PM
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#22
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Quote:
Originally Posted by Dawg52
You could probably do a combination of these funds or etf's to come up with something similar to Wellesley, but I would just pay the $75 fee and be done with it if you like Wellesley's profile.
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I took your advice and that's what I did today. How much do I owe you?
__________________
There's no need to complicate, our time is short..
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04-10-2010, 06:05 PM
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#23
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Hey wait - I thought I gave you that advice! LOL!
I own a few transaction fee funds, and that's what I do - put in a big chunk. And then once it's in there it stays in and I enjoy the low ERs.
Audrey
__________________
Retired since summer 1999.
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04-10-2010, 07:47 PM
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#24
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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04-10-2010, 09:14 PM
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#25
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Quote:
Originally Posted by audreyh1
Hey wait - I thought I gave you that advice! LOL!
Audrey
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Quote:
Originally Posted by Dawg52
$75.
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Well I suppose I'll split the difference...the checks are in the mail!
I just hope now that I'm a pssst owner, the fund doesn't tank...
__________________
There's no need to complicate, our time is short..
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04-11-2010, 09:31 AM
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#26
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Recycles dryer sheets
Join Date: Nov 2008
Posts: 126
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Check out FNMIX
Check FNMIX. Its performances are better than VWIAX. I just put a small amount in this fund.
Any other similar fund, please let me know.
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04-11-2010, 10:02 AM
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#27
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Oooh...I just took a look at that fund. It looks appealing and a little dangerous. I might have to put a few bucks there...thanks.
__________________
There's no need to complicate, our time is short..
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04-11-2010, 10:17 AM
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#28
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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Quote:
Originally Posted by rsingh6675
Check FNMIX. Its performances are better than VWIAX. I just put a small amount in this fund.
Any other similar fund, please let me know.
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These two funds are extremely different. Why would you compare them?
DD
__________________
At 54% of FIRE target
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04-11-2010, 10:27 AM
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#29
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: Portland
Posts: 2,038
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I appreciate this thread. I have a Vanguard account, but there is a Fido office downtown. I think I am going to take a day off w*rk and check it out.
I find the Vanguard website confusing and my partner is not into finance so the face to face would make her more comfortable.
I didn't know the $75 transaction fee was the only extra cost to owning Wellesley. Wellesley was one of the reasons I wanted to stay with Vanguard.
Thanks for all the info.
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04-11-2010, 11:56 AM
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#30
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Helen, I am the type of person that needs face to face to understand some things. I'm able to ask questions and I can repeat what they say to me (in my own terminology) to make sure I understand their answer. I know I could possibly receive incorrect info from any source; but if I gather info from this forum, a Fido rep, and their website with the same conclusion, I feel I can go forward with confidence.
I no longer nod my head in understanding when I truly do not comprehend a subject.
Arm yourself with questions...it's your money and your future.
__________________
There's no need to complicate, our time is short..
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04-11-2010, 03:07 PM
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#31
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: Portland
Posts: 2,038
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Thanks bbbami. The more I think about this the more it sounds like a good idea. I'm going to be mostly index funds and Wellesley and I can do that from either Vanguard or Fidelity. I think Fido's index funds are even cheaper than Vanguard's.
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04-21-2010, 05:08 PM
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#32
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Confused about dryer sheets
Join Date: Mar 2010
Posts: 1
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As a newcomer here, please forgive me if this is covered in a faq somewhere, but I think my question does seem appropriate for this thread: Does Fidelity add any "uplift" to the Expense Ratio on a Vanguard Fund, or just the $75.00 transaction fee on the purchase? i.e. if Vanguard indicates an ER of .08 (for example), is that what you will pay via Fidelity also?
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04-21-2010, 05:20 PM
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#33
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Just the $75 up front to buy shares. After that it is just like owning it though Vanguard - same expense ratio*. No charge to sell shares. No charge for automatic reinvestment of shares.
So if it is a one-time buy-in type deal, it's not so bad.
* One key point though - you can only buy the regular Vanguard shares. Vanguard has available slightly lower cost "Admiral Shares" for direct customers who have enough $$ invested through Vanguard. These Admiral Shares are not available through Fidelity.
Audrey
__________________
Retired since summer 1999.
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04-22-2010, 06:24 AM
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#34
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Full time employment: Posting here.
Join Date: Feb 2008
Posts: 920
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In similar situation, invested in several Vanguard funds thru USAA brokerage. It is really nice to have your investments at Vanguard pop up on the USAA accounts page with the rest of our crap insurance, banking, etc.
However we recently initiated some transfers of funds to Vanguard proper as we've figured out that with some rearranging we can get admiral shares, something you can't do if held thru brokerage.
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