The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Bad Vanguard Experience||Date: 1/13/2004 12:02 PM|
|Author: dsemmler||Number: 38501 of 76421|
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.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|