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American Capital Agency Corp. Message Board

  • engie095 engie095 Mar 19, 2012 6:14 PM Flag

    OT - Etrade vs Vanguard for investing AGNC in IRA

    I've got a 401k from a previous company that I'd like to use for investing in AGNC (and MTGE) in an IRA to take advantage of the tax deferred status. Any thoughts regarding Etrade (my present bank) vs Vanguard (where the 401k is right now)?


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    • I do not have any experience with ETrade but I have been in a Vanguard IRA for 5-6 years. Over the past year, I have shifted significant amounts into the Brokerage account there. I have been delighted with the results. I can do everything I want there in terms of buying and selling stocks, units, etc. I also can and do trade options, such as protective puts. If you reach Voyager level, the fees must be near the lowest in the business. I pay $2 for any stock trade and the options commissions are far lower than Fidelity's. So, I strong recommend Vanguard (on its own merits not knowing the ETrade situation).

      • 3 Replies to donenriquecruz
      • Seems to me it depend on how much is involved. Vanguard fee schedule is based on account value:
        <50K, $7 first 25 trades and $20 thereafter + $20 annual fee
        50 - 500K, $7 trades
        500K - 1M, $2 trades
        >1M, 25 free trades and $2 thereafter

      • Thanks for the info. Glad to hear that you've had a good experience with them.

      • yourbestfriendintheworld yourbestfriendintheworld Mar 19, 2012 7:40 PM Flag

        E*Trade can't really touch those prices (though I don't know what "Voyager Status" means; E*Trade may have some discounts for true whales or churn-monkeys as well).

        It's a pretty simple place to trade, though, and since it doesn't have any products of its own to favor has no reason to limit access to any fund, or, really, any tradeable object. You can probably buy a percheron or a wife through them, if you open an international account.

        I don't know that I'd have picked them if I was shopping for them. I was a Brown&Co client and E*Trade acquired them; price went up a couple of dollars a trade, but information access expanded a lot; BrownCo was a good deal when a discount online broker was any broker with an order-entry form not charging $300 commissions like the full-service weasels, but things are much more research-heavy now. I'd probably be over at Ameritrade or Scottrade if I were shopping today. Never thought of trying Vanguard.

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