Gyroscopic Investing

Nothing yet! I found this on the bogleheads site written by a concerned investor:

"I called the Permanent Funds who passed me on to the shareholder services department. I was informed today that they are 'developing a data program' that they hope to have finished today that will upload information to the NSCC(?) system for Vanguard. Then Vanguard will still have to distribute the funds. What a fiasco. Should the SEC be informed?"

Is it that Vanguard's system is so antiquated that PRPFX needs to develop a program to upload the data? If so, why didn't this happen last year as well?

dualstow wrote: It should also be mentioned that Vanguard has long had "back room problems" resulting in slow accounting. So, even if it does turn out to be Vanguard's fault, it might not be anything sinister. Just slowness.

Slowness and honesty about that slowness isn't sinister.

Slowness and falsely blaming it on PRPFX is... a tiny bit sinister. Or at least dishonest.

In any case, I've gotten the impression for a while that VBS is very different from Vanguard as a whole. They seem like very separate entities with different ways of doing things.

Vanguard finally paid the distribution late tonight.

Tortoise wrote: In any case, I've gotten the impression for a while that VBS is very different from Vanguard as a whole. They seem like very separate entities with different ways of doing things.

This comes up once in a while at Bogleheads. Things seemed smoother when Pershing was their clearinghouse.

Yay! A small dividend and a long term capital gain. I thought I was so smart when it, when my specific holdings were up 15%. Now it's closer to breakeven. Someday.

Who does their clearing now?

I think it's all in-house now. Seemed like a good idea at the time.