I will give you the reasons why I like Vanguard as my primary online investing option for Index funds only. A lot of people preach that simplicity is better and leads to a more fulfilled life. But when it comes to investing things can get a little skewed and complicated. Vanguard is my number one option for Roth IRA and Traditional IRA account options including transferring any old 401K employer accounts.
For stock investing I do this at another online broker because I for one like having a little separation of wealth to avoid risk and also my online broker is cheaper when it comes to doing stock trades. Plus some of the big name investing options charge more than the discount brokers per trade usually, unless you have massive wealth and then the discounts are available due to the size of your nest egg. Having a big amount of money has it’s perks.
Back to the matter at hand, Vanguard index funds. I find their customer service to be exceptional. Every time I have contacted them over the phone, I get a person who is both knowledgeable and very customer service driven. They always answer my questions and I am not steered into doing something I am not 100% knowledgeable on the subject matter and comfortable doing. Give them a chance and you will see how easy it is to maneuver around online and set up an account with them.
They have all types of accounts available like, mutual funds, IRA’s, 529 plans, stocks / bonds, and ETF’s. In addition to being a full service broker you can invest as little as $50 a month automatically from you’re bank account to your IRA (only) investing account for no additional fees. This is called a bank ACH debit and can be very convenient for your online money system.
I promote Vanguard because I like how the company is run and how inexpensive most of their funds are to own. I am not being compensated for promoting them and you can find them at their website Vanguard.com. I am just passionate about sharing what is and has worked for me and the great reputation of a good financial company. If you have any questions you can call them directly, go on their home site, or send me an email at Moneywatch101@gmail.
Here is a link to a another fellow blogger who loves Vanguard as well: MrMoneymustache
RichUncle EL
Photo credit to Businessweek and Vanguard.
