Tried to get out of a bond fund and it would not let me sell more than $10K. What kind of nickle and dime store is this? Not worth the trouble when you have these restrictions. What a waste of time going to this company.
Without a lot more details, ....
That's all that was in the account?Did they say why it was restricted to $10k?
A little more detail about the situation please.
Did they say why it was restricted to $10k?
Uh-Oh, that little swoon in bond prices has people rushing for the exits!
The major theme from USA TODAY's 15th annual Investment Roundtable is that the bond market is looking riskier amid signs the economy is gaining traction. The five panelists say stocks, which get a boost from stronger growth, will post better returns than bonds in 2011. They are advising investors, many still leery two years after the financial crisis, to start shifting some investment dollars out of bonds and back into stocks.
Interesting. Did the $10k limit message pop up when you put in the amount you wished to sell or when you pushed the final "execute transaction" button?I have owned this fund for 13 months in an IRA rollover acct. I was transferring all of VFIIX (GNMA) to their MM account. It said something about do to high volume of redemptions in this fund the max is $10K. I lowered my transfer to $10K and it took it.
I have owned this fund for 13 months in an IRA rollover acct. I was transferring all of VFIIX (GNMA) to their MM account. It said something about do to high volume of redemptions in this fund the max is $10K. I lowered my transfer to $10K and it took it.
I have owned this fund for 13 months in an IRA rollover acct. I was transferring all of VFIIX (GNMA) to their MM account. It said something about do to high volume of redemptions in this fund the max is $10K. I lowered my transfer to $10K and it took it.
I have owned this fund for 13 months in an IRA rollover acct. I was transferring all of VFIIX (GNMA) to their MM account. It said something about do to high volume of redemptions in this fund the max is $10K. I lowered my transfer to $10K and it took it.
Vanguard Total Stock Market ETF: A $5.1 Billion Inflow - Focus on Funds - Barrons.com
Mutual fund investors exiting bond funds FundWatch - MarketWatchTaxable bond funds saw net outflows of $401 million during the week ending Dec. 8. The last time the category saw weekly net outflows was the week ending Dec. 10, 2008.