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When I asked Vanguard yesterday on the phone why they don't have other funds beside the VFINX that are VERY popular, the representative said they used to have a couple that were great, but daytraders were hurting them, so they had to close the funds till interest 'dies down' and then reopoen them later.

I think "trading" is becoming a major concern for Vanguard, since it can be conducted online with no resistance.

I had an IRA with Vanguard with the entire balance in the Health Care fund (VGHCX). It had a one year holding period with a 1% penalty for shorter time. They increased that to five years about the time I bailed out of it.

Likewise, the Vanguard 500 (VFINX) cannot be exchanged online at all. You have to send the paper exchange form to Vanguard.

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