Comments on A Simple Way to Cut Costs and Improve Your Investment ReturnTypePad2007-05-25T10:29:00ZNAhttps://www.freemoneyfinance.com/tag:typepad.com,2003:https://www.freemoneyfinance.com/2007/05/a_simple_way_to/comments/atom.xml/dong commented on 'A Simple Way to Cut Costs and Improve Your Investment Return'tag:typepad.com,2003:6a00d83451bcbd69e200d83548774a53ef2007-05-25T20:35:43Z2007-05-25T20:35:56Zdonghttp://www.askdong.comI think after a certain point convenience does matter. Yes, my broker charges me $20 bucks for a purchase I...<p>I think after a certain point convenience does matter. Yes, my broker charges me $20 bucks for a purchase I could do directly with Vanguard, but if you're buying in a chuck that's about 10k in size, that's less than .2% for the transaction. If the broker was then charging something ontop of that yearly I think it's more of problem. There is something to be said for consolidation. If you're a Vanguard fundie then I would say why bother having anything but a Vanguard fund.</p>Rick commented on 'A Simple Way to Cut Costs and Improve Your Investment Return'tag:typepad.com,2003:6a00d83451bcbd69e200d83548634853ef2007-05-25T18:14:48Z2007-05-25T18:15:00ZRickJason: Yes. Vanguard doesn't charge anything for the purchase, and no annual maintenance fees. (Each fund does have its expense...<p>Jason: Yes. Vanguard doesn't charge anything for the purchase, and no annual maintenance fees. (Each fund does have its expense ratio, but that's built into the price, as I understand.)</p>Jason commented on 'A Simple Way to Cut Costs and Improve Your Investment Return'tag:typepad.com,2003:6a00d83451bcbd69e200d835484bf053ef2007-05-25T15:54:32Z2007-05-25T15:54:40ZJasonSo how much can you save with the Vanguard account? Here's my situation: I'm with Scottrade, with whom I have...<p>So how much can you save with the Vanguard account? Here's my situation:</p>
<p>I'm with Scottrade, with whom I have an IRA and regular account, I'm 22, and trying to get an early jump on retirement planning.</p>
<p>I just invested 3,000 in the Vanguard 2045 Retirement Fund and it cost $17 bucks for the purchase.</p>
<p>Would Vanguard be cheaper than this? Even once you factor in the yearly maintenance fees?</p>Luke commented on 'A Simple Way to Cut Costs and Improve Your Investment Return'tag:typepad.com,2003:6a00d83451bcbd69e200d83548444753ef2007-05-25T14:37:58Z2007-05-25T14:38:08ZLukeI have been buying Vanguard funds through my Roth IRA for the last few years which is with Banc of...<p>I have been buying Vanguard funds through my Roth IRA for the last few years which is with Banc of America Investments. They don't charge me a penny to buy the mutual funds or sell them. I have also been able to start a few funds with only $1000, not the $3000 needed to start one with Vanguard. I can also purchase addtional shares starting at $250. This has been a deal saver for me as I got started investing. </p>
<p>So, in short, I have heard struggles with buying mutual funds under other brokerages, but for me and many BOA customers, we are getting one sweet, sweet deal! </p>