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Learning, Sharing, and Teaching => Investor Alley => Topic started by: CRG on March 12, 2016, 12:46:16 PM

Title: How to Buy VTSAX??
Post by: CRG on March 12, 2016, 12:46:16 PM

Hello all -

I'm having some trouble purchasing VTSAX from my Vanguard account and I'm not sure what I'm missing. I have $80k in a prime money market account and I'd like to use $10k of that money to purchase VTSAX. Seems simple, but apparently not, at least based on my efforts to make it happen.

I can obviously call Vanguard on Monday when their customer service center is open, but hoping someone here could point me in the right direction.

Thanks!

Title: Re: How to Buy VTSAX??
Post by: ltt on March 12, 2016, 01:47:12 PM

Did you go in and try to sell/cash in some of the prime money market account and did they ask you what you fund you wanted the prime money to go to?  Did you look under exchange?

Title: Re: How to Buy VTSAX??
Post by: Rocket on March 12, 2016, 01:57:05 PM

This is how I do it:

o log in
o click on My Accounts and select Buy & Sell
o click on Buy Vanguard Funds
o if this is your 1st purchase, add VTSAX to your account
o then just enter the amounts and from where info
o follow instructions to confirm buy

Good Luck:)

~mark

Title: Re: How to Buy VTSAX??
Post by: CRG on March 12, 2016, 01:57:14 PM

Yes, I did, but a message popped up saying that I could not transfer between the two accounts selected. I created a brokerage account (not sure if this was a the correct thing to do) and tried to transfer funds into it from the prime money market, but no dice.

I'll probably just call Vanguard on Monday, but seems I should be able to figure this out with ease. Strange...

Title: Re: How to Buy VTSAX??
Post by: PhysicianOnFIRE on March 12, 2016, 05:12:48 PM

You should be able to EXCHANGE into the fund, which is to sell from Prime Money Market and buy VTSAX.  I've never had any issues.  Hope it works out for you.

Title: Re: How to Buy VTSAX??
Post by: CRG on March 13, 2016, 10:18:41 AM

Quote from: PhysicianOnFIRE on March 12, 2016, 05:12:48 PM

You should be able to EXCHANGE into the fund, which is to sell from Prime Money Market and buy VTSAX.  I've never had any issues.  Hope it works out for you.

It worked - thanks!

Title: Re: How to Buy VTSAX??
Post by: PhysicianOnFIRE on March 13, 2016, 06:25:48 PM

Quote from: CRG on March 13, 2016, 10:18:41 AM

Quote from: PhysicianOnFIRE on March 12, 2016, 05:12:48 PM

You should be able to EXCHANGE into the fund, which is to sell from Prime Money Market and buy VTSAX.  I've never had any issues.  Hope it works out for you.

It worked - thanks!

Glad to hear, and happy to help.

-PoF