How do I purchase Vanguard funds?

**sweeps** · 01-07-2008, 03:21 AM

You might be able to buy Vanguard funds through AG Edwards but you'd have to pay commissions and/or loads. It negates the whole purpose of investing in Vanguard funds and their ultra low expenses.

Vanguard funds should really only be invested in through Vanguard. If it were me, I would roll over my investments at AG Edwards (or any other high price brokerage) to Vanguard, but that's just me.

**atomicrc11** · 01-07-2008, 04:49 AM

If you really want to go with Vanguard then all you have to do is contact them and they will be more than happy to help you rollover your IRAs to Vanguard. Also, when I buy my funds at Vanguard I just place the order online and it takes the money electronically from my account.

**MarianneJ** · 01-07-2008, 08:36 AM

Is it possible to keep 2 separate Roth accounts - one at AG Edwards and one at Vanguard? I'd hate to pull all my money from my guy at AGE. If I did have 2 accounts would this mess up my taxes or anything?

**atomicrc11** · 01-07-2008, 08:46 AM

You may have as many IRA accounts (Roth and Traditonal) as you like, however you may only contribute up to $5000/year to all accounts ($6000/year if you are over 50). This means it falls on you to make sure you don't contribute more that you should. Also keep in mind that the limits lower to zero as you approach the income limits. If you do contribute more or make more that you anticipated you will have to file additional forms and correct any issues or there would be penalties. But in short, yes you can have both.

**MarianneJ** · 01-07-2008, 09:10 AM

Thanks for the help! I will have to call Vanguard and set up a new account.

Where is the best place to buy individual stocks? I see a few that look promising but would like to be able to buy different company index funds from one place (e-trade, etc)?

**sweeps** · 01-07-2008, 09:11 AM

atomic is correct. There is no limit to the number of IRA accounts you have. As long as the combined contributions to them don't exceed the annual limit.

Originally posted by MarianneJ

Where is the best place to buy individual stocks? I see a few that look promising but would like to be able to buy different company index funds from one place (e-trade, etc)?

Take a look at Scottrade.

**kv968** · 01-09-2008, 03:26 PM

Originally posted by MarianneJ View Post

Where is the best place to buy individual stocks? I see a few that look promising but would like to be able to buy different company index funds from one place (e-trade, etc)?

What "different company index funds" would you be looking to buy? I'm just curious because Vanguard has some of the cheapest index mutual funds around and wonder what else you'd be looking for. Are you talking about ETFs?

**atomicrc11** · 01-09-2008, 07:01 PM

I would suggest you stay with Vanguard for most things except if you were to buy individual stocks. I have a Bank of America checking account, and with this you can get a Banc of America brokerage account for free. I wouldn't use it for their IRA, the whole process is convoluted as you need to call every time you want to invest in your IRA so you don't go over your annual contribution limit. It is beyond me why they can't do this online like Vanguard.

But I digress, their normal brokerage is much more straight forward. You have your BoA checking linked to you Banc of America Brokerage. You can transfer the funds online and the money goes into a money market account within your brokerage. From there you can buy stocks for $10 each or many mutual funds fee free. Mainly they have Columbia Funds, which are owned by BoA and many Fidelity Funds fee free. I was going open a Fidelity account until I found out I could already buy their funds for no fee.

How do I purchase Vanguard funds?