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Old 05-03-2019, 06:39 PM
 
Location: moved
13,571 posts, read 9,584,179 times
Reputation: 23317

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Quote:
Originally Posted by Mr. Zero View Post
When I was at Vanguard, I made an appointment with one of their Advisors for a free review. They suggested a couple of tweaks to our portfolio, but didn’t really push anything aside from suggesting we open a 529.
I've not had Vanguard peddle products to me either. In fact, their advisor outright told me that if Vanguard were to manage my account for me, they'd not do anything differently, from what I presently do myself. That's the good news. The bad news is that Vanguard doesn't offer (to my knowledge) advice in the sense of market-analysis. They're not another Goldman Sachs. They won't suggest that you should go long Exxon-Mobile and short Royal Dutch Shell. They don't write investment-reports on any companies or sectors.

The "advice" that I received was...

1. European fund and International fund have too much overlap. Consolidate.
2. Wellington (in which I have a small % holding) doesn't meet my needs.
3. Allocate more bond holdings into tax-deferred/tax-favored accounts, and more stock holdings in regular brokerage accounts.
4. To my specific question about the Permanent Portfolio or the Golden Butterfly, and using gold or long-term US treasuries - rebalanced annually - as a hedge against market gyrations, they responded that it's fine to dabble in that as a hobby, but they don't recommend it for most situations, including mine.
5. To my question about REITs, they suggested that REITs are the fad of the moment, come with a heavy tax-burden, and are therefore to be avoided for my situation.
6. As the US market rises and international falls, rebalance from US to international.
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Old 05-03-2019, 06:52 PM
 
105,720 posts, read 107,700,939 times
Reputation: 79345
Quote:
Originally Posted by ohio_peasant View Post
I've not had Vanguard peddle products to me either. In fact, their advisor outright told me that if Vanguard were to manage my account for me, they'd not do anything differently, from what I presently do myself. That's the good news. The bad news is that Vanguard doesn't offer (to my knowledge) advice in the sense of market-analysis. They're not another Goldman Sachs. They won't suggest that you should go long Exxon-Mobile and short Royal Dutch Shell. They don't write investment-reports on any companies or sectors.

The "advice" that I received was...

1. European fund and International fund have too much overlap. Consolidate.
2. Wellington (in which I have a small % holding) doesn't meet my needs.
3. Allocate more bond holdings into tax-deferred/tax-favored accounts, and more stock holdings in regular brokerage accounts.
4. To my specific question about the Permanent Portfolio or the Golden Butterfly, and using gold or long-term US treasuries - rebalanced annually - as a hedge against market gyrations, they responded that it's fine to dabble in that as a hobby, but they don't recommend it for most situations, including mine.
5. To my question about REITs, they suggested that REITs are the fad of the moment, come with a heavy tax-burden, and are therefore to be avoided for my situation.
6. As the US market rises and international falls, rebalance from US to international.
I think you know what the advice was worth
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Old 05-03-2019, 11:53 PM
 
17,589 posts, read 15,296,800 times
Reputation: 26366
I use both Fidelity & Vanguard and have for years. There are some Vanguard funds that I particularly like and plan to keep for the long term. And my 401Ks, HSAs and IRAs have been with Fidelity for decades.
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Old 05-04-2019, 03:51 AM
 
105,720 posts, read 107,700,939 times
Reputation: 79345
i own vanguards voo but i don't let vanguard hold it , i let chase baby sit it and get the private client perks ...i did a tax free transfer to chase when i no longer wanted to do business with vanguard
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Old 05-04-2019, 09:44 AM
 
Location: SoCal
20,160 posts, read 12,659,657 times
Reputation: 16993
What are the perks with Chase private client?
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Old 05-04-2019, 10:31 AM
 
Location: The Triad
34,091 posts, read 82,473,972 times
Reputation: 43648
Quote:
Originally Posted by NewbieHere View Post
What are the perks with Chase private client (if one qualifies)?
Do some reading:
https://www.investopedia.com/terms/p/privatebanking.asp
https://www.investopedia.com/article...quite-same.asp

As to which institution/entity to work with... that's mostly a local matter.
Some locales have more choices than others and sometimes they're better choices.
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Old 05-04-2019, 11:06 AM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
34,569 posts, read 57,505,129 times
Reputation: 45957
Vanguard has recently made it pretty difficult to trade while overseas (Acct verification)

I will consolidate and pull the funds out of Vanguard.

I just wish TD would quit buying my great brokerages. (3x now)
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Old 05-04-2019, 12:32 PM
 
105,720 posts, read 107,700,939 times
Reputation: 79345
Quote:
Originally Posted by NewbieHere View Post
What are the perks with Chase private client?
I got an extra 10,000 points on my sapphire card. Unlimited free trades Free admission to museums and attractions and a rep to handle any issues. No charges for overdraft or stopped checks. There is a list of stuff

Last edited by mathjak107; 05-04-2019 at 01:02 PM..
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Old 05-04-2019, 04:03 PM
 
1,553 posts, read 918,928 times
Reputation: 1659
**** Fidelity

Vanguard's dirt-cheap admiral-shares sector funds rule!

My big tech holding (VITAX) is up 28.5% YTD.

My banks fund (VFAIX) is having a great year (+19.1%) too.

Have a large position in VHCIX as well.


**** yeah...
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Old 05-04-2019, 04:26 PM
 
105,720 posts, read 107,700,939 times
Reputation: 79345
Quote:
Originally Posted by market junkie View Post
**** fidelity

vanguard's dirt-cheap admiral-shares sector funds rule!

My big tech holding (vitax) is up 28.5% ytd.

My banks fund (vfaix) is having a great year (+19.1%) too.

Have a large position in vhcix as well.


**** yeah... :d
meh!!!!!!!!!----- i won't keep a buck in vanguard anymore
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