"Not impressed"
Written: Aug 31 '04 (Updated Aug 31 '04)
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Pros: If your a "Forrest Gump" investor this is the place for you.
Cons: "You get What You Pay For" there are better super centers out there!
The Bottom Line: Skip it, Schwab and Fidelity much better!
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| polaris1000's Full Review: Vanguard Brokerage Services |
I'm not going to try to impress you with my writing skill's like some of the other posters to this site, But I will get right to the meat of this review.
I have had brokerage services with 3 of the big Financial Super Sites for 20 years, Schwab, Vanguard and Fidelity.
Vanguard is thumbs down the "Worset" All the so called experts say that Vanguard is a discount broker and they are trying to keep the investors costs down. Let me say the old expression "You get what you pay for". Vanguard is the Cheapest, Tightest, Tightwad of a company I have ever done business with! For instance, there "standard checks" that they issue you to use, on your money market account, are on the same parr as the "temporary checks" that any ordinary bank would issue you and they only give you a miserley amount to start and charge you alot extra for more. No leather or plastic protective cover, cheesy ledger and wait until you get your statement, extremely basic, no comprehensive details about your holdings, just your total's at the end of the month. Had to fight with them to send me a statement each month as they prefer only to send them quarterly. At least where's the "share prices" on the day of the statement, NONE! There's a minimum check writing fee as well, can't write for anything under $250.00 or there is a extra FEE! When you try to deposit a cashiers check or money order to your account, forget it they won't accept any! They charge a $30.00 maintenance FEE, per year, on this "tightwad account" on top of that! There website is a joke! There again extremely basic, cheesy graph's and charts.
Recommended:
No
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Epinions.com ID:
polaris1000
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Location: Wyoming
Reviews written: 5
Trusted by: 0 members
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