dixonge
Thinks s/he gets paid by the post
Just got an email - Schwab 1000 Index ETF now charging 0.05%! Less than half the Vanguard rate.
Just got an email - Schwab 1000 Index ETF now charging 0.05%! Less than half the Vanguard rate.
Note that if you have 10k in the vanguard fund you can upgrade to admiral class funds
which have a .04% expense ratio. for most vanguard funds there is an admiral fund option with lower fees.
This, too, shall pass.
These guys are slitting each other's throats in a race to the bottom, fees that ultimately will not be economically tenable. So, enjoy it while it lasts. I am.
No one has contacted us lately looking for a loan and I like our money to do SOMETHING - so while we have the cash sitting I'd love to get a signup bonus from a good Vanguard-like company like Fidelity. Anyone aware of some offers?
We opened a Merrill Edge account recently. You can get up to $650 for transferring up to $200,000, which has to stay there for 90 days. You can put the money in their "Preferred Deposit", which is earning .86% currently. If you keep money there, you can also qualify for various BofA Preferred Rewards programs which are pretty decent as well. This includes their Premium Rewards Visa which will give you up to .75% bonus on their 1.5% cash back on regular purchases and up to a .75% bonus on the travel charges, giving you up to 2.625% and 3.50% respectively. If you spend $3k on the card within 90 days you will also get 50k bonus points.
We opened a Merrill Edge account recently. You can get up to $650 for transferring up to $200,000, which has to stay there for 90 days. You can put the money in their "Preferred Deposit", which is earning .86% currently. If you keep money there, you can also qualify for various BofA Preferred Rewards programs which are pretty decent as well. This includes their Premium Rewards Visa which will give you up to .75% bonus on their 1.5% cash back on regular purchases and up to a .75% bonus on the travel charges, giving you up to 2.625% and 3.50% respectively. If you spend $3k on the card within 90 days you will also get 50k bonus points.
Note that if you have 10k in the vanguard fund you can upgrade to admiral class funds
which have a .04% expense ratio. for most vanguard funds there is an admiral fund option with lower fees.
we did the same with chase. transferred my vanguard account to a chase private client account and also got the chase sapphire reserve card for thousands in perks .
don't go by just expense ratio . there are other internal costs involved and they vary from fund to fund .
even an s&p 500 fund can vary based on the internal trading that goes on loaning securities ,writing calls or puts ,etc .
you can see when this was done schwab #6 on the list , had one of the highest tax ratio costs .
What sort of perks?
I’d like to dig deeper into this. Can you give the citation for this, please?
I got sucked into one of the Schwab "1000" funds many years ago. It was a perenail under performer. That is when I left Schwab.The Schwab 1000 index is a proprietary index and isn't the same as the Russell 1000 which is what the Vanguard ETF referenced on the Schwab web page tracks.
Schwab and VG both have total stock market funds. Schwab dropped the ER on theirs to 0.03%, below VG's nearest equivalent Admiral fund, some time ago.
Just got an email - Schwab 1000 Index ETF now charging 0.05%! Less than half the Vanguard rate.
At these low expense ratios, tax-efficiency is more important to me. If the Schwab ETF causes me to pay 0.1% more of my investment in it every year over a Vanguard ETF, then why would I want to use it?
Maybe.This, too, shall pass.
These guys are slitting each other's throats in a race to the bottom, fees that ultimately will not be economically tenable. So, enjoy it while it lasts. I am.
I'm not taking a position but have some thoughts:
First, for "small" indexes like the S&P 500 all the funds are basically making the same trades so in the end shouldn't their tax efficiency be about the same?
I’d like to dig deeper into this. Can you give the citation for this, please?