I'm still happy with Vanguard and the commissions as a Vanguard Select client are better than Fidelity's. I'll be going back into the Vanguard funds after we're pass this bear market, but for now I'm doing better with the individual issues that I own. Mutual funds are great for diversification, but in 2009 I got out of them to concentrate in specific issues. I did great. Last year my performance was better than all but 4 Vanguard funds. This year I'm beating all of them.