Comments on: Buying ETFs in Vanguard IRA Account Is Tricky http://www.thesunsfinancialdiary.com/investing/buying-etfs-vanguard-ira-account-tricky/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sunhttp://www.thesunsfinancialdiary.com/investing/buying-etfs-vanguard-ira-account-tricky/#comment-64422 Sun Thu, 10 Mar 2011 04:41:58 +0000 http://www.thesunsfinancialdiary.com/?p=4972#comment-64422 I agree with you that the money market mutual fund is essentially a sweep account. However, comparing with other brokerage account, having to open a mutual fund account first then a brokerage account that links to the mutual fund account seems to be an exact step to me if the only way to fund the brokerage account is through a money market fund. I have account with other brokers which also use a sweep account for funds that are not invested, but I only need to open one account, not two. Why can't Vanguard also let investors open just one brokerage account and then automatically link the brokerage account to the money market fund? This is what I complained about. To me, that extra step can definitely be saved. I agree with you that the money market mutual fund is essentially a sweep account. However, comparing with other brokerage account, having to open a mutual fund account first then a brokerage account that links to the mutual fund account seems to be an exact step to me if the only way to fund the brokerage account is through a money market fund. I have account with other brokers which also use a sweep account for funds that are not invested, but I only need to open one account, not two. Why can’t Vanguard also let investors open just one brokerage account and then automatically link the brokerage account to the money market fund? This is what I complained about. To me, that extra step can definitely be saved.

]]> By: Brianhttp://www.thesunsfinancialdiary.com/investing/buying-etfs-vanguard-ira-account-tricky/#comment-64404 Brian Sat, 05 Mar 2011 00:24:40 +0000 http://www.thesunsfinancialdiary.com/?p=4972#comment-64404 I don't know what is so complicated about buying Vanguard ETFs in an IRA, roth otherwise. The Vanguard money market mutual fund operates exactly like a sweep account. The problem of "buying" shares in a money market mutual fund is the same as depositing money in an account. When you buy shares of another ETF, the money sweeps from the money market fund to cover the cost of the new shares, exactly as it would if it were a cash account. I don’t know what is so complicated about buying Vanguard ETFs in an IRA, roth otherwise. The Vanguard money market mutual fund operates exactly like a sweep account. The problem of “buying” shares in a money market mutual fund is the same as depositing money in an account. When you buy shares of another ETF, the money sweeps from the money market fund to cover the cost of the new shares, exactly as it would if it were a cash account.

]]> By: Madisonhttp://www.thesunsfinancialdiary.com/investing/buying-etfs-vanguard-ira-account-tricky/#comment-63498 Madison Mon, 13 Sep 2010 21:05:31 +0000 http://www.thesunsfinancialdiary.com/?p=4972#comment-63498 Sun, I just spent hours trying to figure out how the heck to convert one of my mutual funds to an ETF in a Roth.I love Vanguard, but this is ridiculous!So now I have my new brokerage account set up, but can't for the life of me figure out how to "link" it.Do you remember what you did? Sun, I just spent hours trying to figure out how the heck to convert one of my mutual funds to an ETF in a Roth.

I love Vanguard, but this is ridiculous!

So now I have my new brokerage account set up, but can’t for the life of me figure out how to “link” it.

Do you remember what you did?

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