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Originally Posted by retiredguy123
I use Vanguard mutual funds. The only advantages I see with ETFs are that the management fees are lower and the ETFs can be sold more than once per day. But, Vanguard fees are so low that they are negligible, and I don't want to sell shares more than once per day. Also, I believe that mutual funds are more tax efficient because they attract more "buy and hold" investors. So, the mutual fund manager is not forced to sell individual stocks in the fund (a taxable event) as often to raise cash to pay investors when they sell shares. Also, I direct that any capital gain distributions and dividends be transferred into my money market account, not reinvested in additional shares. That way, I always have the exact same number shares in my mutual fund. Vanguard keeps track of the cost basis for all mutual funds. No need to calculate it yourself.
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Truth we have so much information that I think most of us are confused. MY OPINION, the big three low cost brokerages are Fidelity, T. Rowe Price and Vanguard. I have accounts with all three. Advice is often put it all together. But, advice is also be diversified. Is that not having more than one brokerage account? I think it is. Vanguard offers Admiralty shares in many/most of their funds, With a balance of 50,000 plus management fees drop by roughly 30%, Fidelity for a long time denied this exists and they will not allow you to buy Admiralty shares in a Fidelity account. T. Rowe Price has come up with a similar plan reduced management fees by 20-30% on many/most funds with a balance of roughly 50,000.
Far as fidelity, a big plus, unlike the others with mon to fri 9-5 hours you can reach PEOPLE not a COMPUTER 24 hours a day seven days a week. The Villages they have an office in Lake Sumter a golf cart ride away for many of us. Fidelity now has no commission trades if you do on line trading. I like the Fidelity statement the best-perhaps because I do most of my trading there and I am more used to it.