The Ignorant Investor
Ignorance Can't Stand in the Way of My OpinionSaturday, September 09, 2006
Vanguard Playing the Fee Game, Nickel and Diming
Just found out that every index fund at Vanguard charges a $10 fee on holders with under $10,0000 in a fund, regardless of how big your account with them is overall. Have $50,000 spread across 6 funds, you'll be paying $60 or more a year to them in account maintenance fees.
The company advertises low fee structures for its mutual funds, but as far as I'm concerned, any fees you're going to charge for owning a mutual fund should be tossed in with the standard fees. Breaking out "special" fees is the kind of thing one expects from discount brokers or the phone company, not Vanguard.
The company advertises low fee structures for its mutual funds, but as far as I'm concerned, any fees you're going to charge for owning a mutual fund should be tossed in with the standard fees. Breaking out "special" fees is the kind of thing one expects from discount brokers or the phone company, not Vanguard.
posted by Worker 17 # 3:23 PM 
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