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URL:  http://boards.fool.com/while-it-seems-it-has-caused-an-inconvenience-for-20145652.aspx

Subject:  Re: Bad Vanguard Experience Date:  1/13/2004  1:47 PM
Author:  PanemetCircenses Number:  38509 of 76237

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.


It would seem to me to be better to limit the time between transactions absolutely (say via a fee or prohibition on excessive transactions) rather than via an annoyance factor.

I am very glad that my 403(b) through Vanguard does not have the same restrictions.

--B+C
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