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progree

(11,494 posts)
24. Vanguard holdings
Tue Jul 9, 2024, 11:11 PM
Jul 2024
see my new post.
Done and I added some more (the Alan Sloan thing)

But if one does not use its brokerage account, or does not need assistance then there are no problems.


On brokerage account, I am confused. Vanguard used to be a mutual fund company and a brokerage, and they were separate entities. Then about 5 years (?) ago they changed to where its all part of Vanguard brokerage: (name and account numbers changed)

Wile E. Progree — Brokerage Account — 12345601
Wile E. Progree — Traditional IRA Brokerage Account — 65432102
Wile E. Progree — Roth IRA Brokerage Account — 77227703

(it was in a thread just yesterday that we were discussing desertification, and I remarked that without deserts, the world would never have experienced the pure genius of Wile E. Coyote and ACME Company and Road Runner. So that's how that fake name came to mind )

They all have regular Vanguard mutual funds. But my first one has some Sempra stock - my only individual stock holding.
The 2nd one is gone (at last all converted to Roth in a multi-decade process. But until recently it had Vanguard mutual funds in it)
The 3rd one is all Vanguard mutual funds plus a TIPS bond that I purchased on the secondary market.

I've needed assistance on occasion. Damn Trustone screwed up the transfer of a Traditional IRA to Vanguard and Vanguard did what they could to monitor the process (long story) and straighten things out. Unfortunately it didn't get done in time to convert to Roth in 2022, which would have been a very good year for a conversion due to special tax circumstances (long story). So got screwed, but not by Vanguard. I've been happy with Vanguard customer service since 1984 or thereabouts.

And I don't know if they have esoteric investments like bitcoin or land lease.


Well, DAMN! How the hell can anyone afford a pot to micturate in without being able to take advantage of great growth opportunities like these?

Seriously, I never checked it out, but likely you're probably right. I have no interest in anything I don't understand. Though one exception on Vanguard and bitcoin - they probably will let you buy that new one and only bitcoin ETF. Just like one can buy other ETFs and semi-exotics like some closed end funds.

Ours are strictly bonds and stock.


Mine are almost entirely mainstream bond and equity mutual funds and ETFs (my ETFs are at Fidelity and Schwab), and no individual holdings besides Sempra stock, and the TIPS bond, and a small Treasury Direct account that only has I-bonds in it.

I've been reading "Kiplinger Investing For Income" newsletter for a couple of years to diversify my fixed income holdings. (I'm 60% equity and 40% fixed income in my investible assets). But I haven't done a darn thing with any of that. Too many choices and I can't get enthused about any of them.

And 20 years ago I've read that one should not keep 401K with former employers. I think that the rule since has changed but we did roll them to IRAs.


I can't keep up! I remember reading that too, and now I think it's a "it depends". Anyway, it's a non-issue for me too - I rolled my 401K into Vanguard a long time ago, and have since been 401K-less.

Recommendations

0 members have recommended this reply (displayed in chronological order):

"eventually reached out to a friend" marybourg Jul 2024 #1
I value highly personal references from people I know well and trust, but it would take more than that progree Jul 2024 #4
I would -- and did -- open an account at an established brokerage or marybourg Jul 2024 #15
I've been screwed by well-known brokerages, AG Edwards at the time progree Jul 2024 #18
It's best if you can rely on your own judgment. marybourg Jul 2024 #20
Well, both of my partnerships were total losses except for some tax savings progree Jul 2024 #21
Sorry. Maybe we're all talking at cross-purposes. marybourg Jul 2024 #25
Vanguard or Fidelity or Schwab Shermann Jul 2024 #2
The article didn't say anything about a quick-rich scheme or one full of big promises or anything like that progree Jul 2024 #7
I'm skeptical of this supposed vetting that was done Shermann Jul 2024 #11
Could be, there are innumerable ways to twist and alter this story to fit ones preconceptions progree Jul 2024 #12
Yes that's it, I've twisted the story to fit my preconceptions Shermann Jul 2024 #13
Exactly. And admitted it too nt progree Jul 2024 #14
Doesn't pass the smell test FBaggins Jul 2024 #3
Maybe if BOA put a stop on the checks after they were asked to, he would have been more understanding progree Jul 2024 #5
The receiving bank doesn't stop checks FBaggins Jul 2024 #6
The writer's point is that they should - after presenting evidence to the BOA as the lawyer did. But oh well. progree Jul 2024 #8
Right... and I'm saying that the guy whose financial savvy... FBaggins Jul 2024 #9
I'm still not getting it either -- why should the BOA keep clearing checks he's written when presented with strong progree Jul 2024 #10
Never heard about all eggs in one basket? question everything Jul 2024 #16
Absolutely. That's the biggest problem I have with the article. progree Jul 2024 #17
OK, I do put all eggs in one basket. All our retirements funds are with Vanguard which now has very unhappy customers question everything Jul 2024 #23
Vanguard holdings progree Jul 2024 #24
Exactly about all one's eggs in one basket. Beakybird Jul 2024 #19
Please see progree Jul 2024 #22
Really, all-in is not a good idea at all, unless you say goodbye to the money in advance. . . . . nt Bernardo de La Paz Jul 2024 #26
Latest Discussions»Culture Forums»Personal Finance and Investing»Self-described savvy pers...»Reply #24