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Move from Vanguard to Schwab?
Posted: Thu Jan 03, 2013 1:45 pm
by amdda01
Anyone selling their entire Vanguard portfolio and moving to Schwab to save on expenses?
Re: Move from Vanguard to Schwab?
Posted: Thu Jan 03, 2013 2:03 pm
by notsheigetz
Will definitely look into this when I get around to making my yearly adjustments in a few weeks.
I use VTI but not VFIRX. Been using SHY but it's even higher than both at .15
(P.S. - Did you make a typo on the second SCHB? I'm thinking you meant something else.)
amdda01 wrote:
Anyone selling their entire Vanguard portfolio and moving to Schwab to save on expenses?
Re: Move from Vanguard to Schwab?
Posted: Thu Jan 03, 2013 2:08 pm
by murphy_p_t
You'd need a pretty big holding to make that move worthwhile.
Never mind taxes owed, assuming you're talking taxable acct.
Heck, if you were'nt invested yesterday (while funds are in transition), when market moved up 2.5%...it would take YEARS (DECADES?) at the lower ER just to break even.
Re: Move from Vanguard to Schwab?
Posted: Thu Jan 03, 2013 5:40 pm
by rocketdog
Our IRA accounts are already at Schwab, so I've got several Schwab funds between my PP and VP. But I put my wife into Vanguard's funds, since they have the longer track record, plus I like the idea of hedging our bets a little. The difference in expenses isn't significant, but I can rebalance the Schwab funds for free so if they perform as well as (or better than) the Vanguard funds then I'll probably shift her over to the Schwab funds at some point.
Re: Move from Vanguard to Schwab?
Posted: Thu Jan 03, 2013 6:05 pm
by Xan
Diversification in brokerages as well as fund families is a really good thing, and probably worth way more than 2 basis points.
Re: Move from Vanguard to Schwab?
Posted: Thu Jan 03, 2013 7:14 pm
by Greg
Also don't forget SCHB might have higher bid/ask spreads than Vanguard so if you trade more you lose out more.