MakeMe$$$$ wrote:
3 questions...
1. Why do you say Vanguard is for institutional big boys?
2. What redemption fees are you referring to with Vanguard?
3. Where do you get the 90 day hold for Vanguard?
This is a link to fees. https://personal.vanguard.com/us/whatweoffer/stocksbondscds/feescommissions Maybe I am missing something.
I'm not trying to extol Vanguard but from my experience and my reading up on their services...I'm not sure I can agree with the points you made. Certainly there may be better "broker" services if one is thinking of doing a lot of trading but I haven't gotten that far yet. I'm using Vanguard to learn more about the whole spectrum of mutual, ETF and stock trading. So...If I am wrong or missing something about fees...I can be trained. LOL
Just a point of correction/clarification to an earlier post I made. While the ETFs could technically be "day traded" with Vanguard, an account is limited to 25 free ETF trades in a 12 month period at which point they can be subject to a 60 day hold period.
Ok so after 25 free ETF's a month you're subject to a 60 day hold before you can buy/sell those fuynds again? Or can you pay a fee and still "day trade"?