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RSSVanguard Brokerage Announces a Cheaper Trade Commission Structure
Today, Vanguard announced a new trading commission structure for Vanguard brokerage accounts. Here is a quick overview of the new commision structure:
| Assets invested in Vanguard funds and Vanguard ETFs® | Vanguard ETFs1 | Stocks and non-Vanguard ETFs |
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Voyager Services, Voyager Select Services®, and Vanguard Flagship™ are trademarks of The Vanguard Group.
I have been using our Vanguard Advantage account as our primary brokerage account for a couple years now. This new commission structure even looks more attractive to me. As a Vanguard Flagship client we previously received 12 free trades a year and paid a very reasonable flat $8 fee per trade thereafter. Under the new trading structure we will get 25 free trades and then pay a flat $2 fee per trade thereafter. In addition all Vanguard ETF trades will now be free.
Does this Change Our Investment Purchase Strategy?
I think this will alter the frequency of our stock investment purchases. With a lower trading cost it makes traditional DRIPs less appealing to us and allows us to trade more frequently and in smaller amounts without increasing the trading costs. I can now make a couple limit order investments every month with as little as 1 share for basically no cost.
by 2million on
05/04/10
| Comments (2)
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Comments (2)
Well, I guess people are investing less and.....saving more? Or maybe we've all just lost faith in investments?
Posted by Joe | May 5, 2010 2:07 AM
I like that the more money you have is offsetted by cheaper trades.
I pay 4.50 at zecco. I used to pay 0 but I took some out of the market to buy a house.
Posted by garrett | May 6, 2010 7:24 AM