- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Vanguard IRA Question
Posted on 7/14/15 at 8:03 pm
Posted on 7/14/15 at 8:03 pm
Currently have my ROTH with Scottrade and their FRIP... Would like to transfer to Vanguard and take advantage of their index funds and low fees ...my question is: Will I be able to buy individual stocks thru Vanguard as well? I like to keep a few dividend payers in my portfolio at all times.
3
Posted on 7/14/15 at 8:08 pm to Hoyt
I have my wife in a Roth IRA, and she has BP and Apple stock, so yes.
Eta: through vanguard
Eta: through vanguard
This post was edited on 7/14/15 at 8:09 pm
Posted on 7/14/15 at 8:12 pm to windshieldman
Ok great... I didn't know if you could buy and sell individual stocks like thru Scottrade and Ameritrade
Posted on 7/14/15 at 8:52 pm to Hoyt
$7 per trade
Posted on 7/14/15 at 9:10 pm to bayoubengals88
but all vanguard etf's are tradable commission free
Posted on 7/14/15 at 9:45 pm to white perch
I'm not as familiar as I wanna be with etf. Are they basically mutual funds that can be traded like stocks? With Vanguard, there are no trade fees with them?
Posted on 7/14/15 at 11:48 pm to windshieldman
quote:Basically. ETFs generally have more favorable tax consequences than mutual funds. So ETFs are generally better for taxable accounts. Mutual funds are great for IRAs.
I'm not as familiar as I wanna be with etf. Are they basically mutual funds that can be traded like stocks?
quote:Correct, but if you are only allowed to buy and sell the same ETF too much over a 12 month period, you'll be put on trading restrictions. You can obviously buy all you want.
With Vanguard, there are no trade fees with them?
Posted on 7/14/15 at 11:57 pm to Hoyt
Yes. You can open a Vanguard brokerage account to buy stocks on line. I have one. It is easy and the costs are very low as compared to the full service brokerage firms.
Posted on 7/15/15 at 2:26 am to jturn17
Please elaborate on how the ETF has better tax consequences than the related mutual fund.
And I think you are 100% wrong on Vanguard's policies regarding frequent trading ETFs.
They will lock it down some for mutual funds (although there are workarounds), there is no restrictions for any ETF.
And I think you are 100% wrong on Vanguard's policies regarding frequent trading ETFs.
They will lock it down some for mutual funds (although there are workarounds), there is no restrictions for any ETF.
This post was edited on 7/15/15 at 2:29 am
Posted on 7/15/15 at 7:56 am to Volvagia
quote:
Please elaborate on how the ETF has better tax consequences than the related mutual fund.
Are there any tax advantages to owning a Vanguard ETF®?
Because Vanguard ETFs are shares of conventional Vanguard index funds, they can take full advantage of the tax-management strategies available to both conventional funds and ETFs.
Conventional index funds can offset taxable gains by selling securities that have declined in value at a loss. In addition, they tend to trade less frequently than actively managed funds, which means less taxable income gets passed on to shareholders. Vanguard ETFs can also use in-kind redemptions to remove stocks that have greatly increased in value (which trigger large capital gains) from their holdings.
Posted on 7/15/15 at 10:01 am to white perch
quote:
but all vanguard etf's are tradable commission free
sure but if you are doing so many trades of ETFs where this matters, you are doing it wrong.
Not saying that saving $10-20 is a bad thing but it certainly not worth moving your money around for IMHO.
Posted on 7/15/15 at 10:04 am to jturn17
quote:
Yes, but the commission is dependent on how much money you have with vanguard. LINK
This is interesting.. At first it seems great, have $500,000 in your account and get $2 trades. However, it is assets invested in Vanguard Funds and Vanguard ETFs. So it is only money you have invested in these specifically not your total account.
Posted on 7/15/15 at 11:11 am to Volvagia
quote:"If you buy and sell the same Vanguard ETF in a Vanguard Brokerage Account more than 25 times in a 12-month period, you may be restricted from purchasing that Vanguard ETF through your Vanguard Brokerage Account for 60 days."
Please elaborate on how the ETF has better tax consequences than the related mutual fund.
And I think you are 100% wrong on Vanguard's policies regarding frequent trading ETFs.
They will lock it down some for mutual funds (although there are workarounds), there is no restrictions for any ETF
It was in the link I posted. So you are 100% wrong.
Someone else already covered taxes on ETFs vs. Mutual Funds. Google also has plenty of articles that cover it.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News