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Subject:  Re: Bad Vanguard Experience Date:  1/13/2004  12:02 PM
Author:  dsemmler Number:  38501 of 88831

I pointed out rather strongly that if they didn't have those ridiculous restrtictions on online exchanges I could have done the whole thing correctly myself. I also told him they are one step closer to losing a $400K+ account.

No wonder Vanguard has low fees. They hire idiots.

While it seems it has caused an inconvenience for you, I believe Vanguard limits the transactions to try and avoid similar problems that other funds have experienced with the recent scandals.

By limiting the trading volume, they reduce the chance of people manipulating the fund.

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