I've had retirement accounts with Vanguard for more than 15 years and generally felt they were a good company. As a new investor to Vanguard, however, you should be aware of changes in the company since John Bogle was pushed out. The most recent change has been to their corporate bond funds - they don't have any anymore. These funds are being hybridized with the restriction to invest 80% in corporate bonds being dropped. Investors will not know what the mix is but it could include large percentages of GNMA and treasuries. This change was made without a shareholder vote and has upset many investors who specifically wanted a way to own a diversified portfolio of corporate bonds. Probably not important to your current investment strategy but I believe it typifies growing problems with Vanguard. OTOH they are still a great place to find very low cost mutual funds, especially index funds.
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