Vanguard's new mobile app (formerly known as "Beacon")
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Vanguard’s new iPhone app loses functionality
[Thread merged into here --admin LadyGeek]
If you haven’t updated to the recently announced new-and-improved Vanguard mobile app for iOS, think twice before you do. I just updated today and regret it. The app has lost a lot of functionality, especially for the mutual-fund-only, non-brokerage accounts that they’ve been trying to get you to convert. From the FAQs:
Which accounts are not fully supported by this app?
Though we currently support most accounts types, we’re still working to fully support SEP IRA’s and Inherited IRA’s.
529 plans and 403b’s aren’t available in the app at this time. You'll need to visit vanguard.com to make a transaction or view your account details.
Currently we don’t plan to support non brokerage Mutual Fund-only accounts within the Vanguard app. You can access this account type on vanguard.com.
From what I can see, the new app:
— doesn’t allow you to buy or sell funds in unsupported accounts;
— doesn’t allow you to withdraw from unsupported accounts;
— doesn’t let you view SLID cost basis and gains/losses (at least for unsupported accounts);
— doesn’t show anything more granular than total stock to total bond allocation in portfolio analysis;
— doesn’t link to fund information (if you want to research a fund, you’ll need to go to their website).
It’s pretty much turned into a read-only app, good for checking your balances and that’s about it.
If you haven’t updated to the recently announced new-and-improved Vanguard mobile app for iOS, think twice before you do. I just updated today and regret it. The app has lost a lot of functionality, especially for the mutual-fund-only, non-brokerage accounts that they’ve been trying to get you to convert. From the FAQs:
Which accounts are not fully supported by this app?
Though we currently support most accounts types, we’re still working to fully support SEP IRA’s and Inherited IRA’s.
529 plans and 403b’s aren’t available in the app at this time. You'll need to visit vanguard.com to make a transaction or view your account details.
Currently we don’t plan to support non brokerage Mutual Fund-only accounts within the Vanguard app. You can access this account type on vanguard.com.
From what I can see, the new app:
— doesn’t allow you to buy or sell funds in unsupported accounts;
— doesn’t allow you to withdraw from unsupported accounts;
— doesn’t let you view SLID cost basis and gains/losses (at least for unsupported accounts);
— doesn’t show anything more granular than total stock to total bond allocation in portfolio analysis;
— doesn’t link to fund information (if you want to research a fund, you’ll need to go to their website).
It’s pretty much turned into a read-only app, good for checking your balances and that’s about it.
Last edited by Doctor Rhythm on Mon Nov 01, 2021 3:41 pm, edited 3 times in total.
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Re: Vanguard’s new iPhone app loses functionality
So far, I am not a fan of the new app.
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Re: Vanguard’s new iPhone app loses functionality
This surprises you?Doctor Rhythm wrote: ↑Mon Nov 01, 2021 3:35 pm The app has lost a lot of functionality, especially for the mutual-fund-only, non-brokerage accounts that they’ve been trying to get you to convert.
The want to shut down the mutual fund only accounts. One reason is that they are costly to support. For example, since they are on a different platform they need to add extra codes, testing, support, etc. to run them on apps like this.
As for not upgrading - well - how long do you think Vanguard will support the old version of the app? For a little while I would suppose. But at some point the risks of running the old version of the app is going to be too high for Vanguard so they will probably shut that down as well.
Former brokerage operations & mutual fund accountant. I hate risk, which is why I study and embrace it.
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Re: Vanguard’s new iPhone app loses functionality
True enough - all things come to an end. But it’s an unwelcome surprise to find an app you used regularly nerf’d. I suppose I’ll stop procrastinating and convert to the brokerage account.alex_686 wrote: ↑Mon Nov 01, 2021 3:44 pmThis surprises you?Doctor Rhythm wrote: ↑Mon Nov 01, 2021 3:35 pm The app has lost a lot of functionality, especially for the mutual-fund-only, non-brokerage accounts that they’ve been trying to get you to convert.
The want to shut down the mutual fund only accounts. One reason is that they are costly to support. For example, since they are on a different platform they need to add extra codes, testing, support, etc. to run them on apps like this.
As for not upgrading - well - how long do you think Vanguard will support the old version of the app? For a little while I would suppose. But at some point the risks of running the old version of the app is going to be too high for Vanguard so they will probably shut that down as well.
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Re: New Vanguard mobile app
Same on Apple App Store.
Vanguard Beacon is no longer available on the App Store. The main Vanguard app now looks like beacon. (It just changed from the classic app to Beacon in the last couple days, I think.)
Pet Peeve of the new Vanguard app: I can't seem to set custom date periods to see how my performance was in calendar year 2020, etc.
Re: Vanguard’s new iPhone app loses functionality
This is an interesting point. I happened to have never upgraded my Android app. (I generally run with autoupdates off so that I'm in control of when they happen.) The app still works fine. I wonder now if that's because the iOS app needed that support; now that they've rolled out the new version to iOS, I wouldn't be surprised if the old app breaks in the next couple of months when they turn off the backend support for it.alex_686 wrote: ↑Mon Nov 01, 2021 3:44 pmThis surprises you?Doctor Rhythm wrote: ↑Mon Nov 01, 2021 3:35 pm The app has lost a lot of functionality, especially for the mutual-fund-only, non-brokerage accounts that they’ve been trying to get you to convert.
The want to shut down the mutual fund only accounts. One reason is that they are costly to support. For example, since they are on a different platform they need to add extra codes, testing, support, etc. to run them on apps like this.
As for not upgrading - well - how long do you think Vanguard will support the old version of the app? For a little while I would suppose. But at some point the risks of running the old version of the app is going to be too high for Vanguard so they will probably shut that down as well.
Re: "Beacon," Vanguard's new mobile app
I merged Doctor Rhythm's thread into the ongoing discussion. The combined thread is in the Investing - Theory, News & General forum (general discussion).
(Thanks to the member who reported the post.)
(Thanks to the member who reported the post.)
Re: "Beacon," Vanguard's new mobile app
I’m a Vanguard Flagship Select client, and haven’t been directly affected by the aforementioned customer service reported issues.
However, I made frequent use of the previous VG app, the one that got replaced with the downgraded version related to this thread. For ME, trying to make use this app just didn’t work. Each to his own, if it works for you - great.
That said, I drove over to my local Schwab office, showed them our two trust accounts balances, and am trying to get them to match Citibank’s offer of $3,500 for 2MM+ per account.
Let’s see what happens.
However, I made frequent use of the previous VG app, the one that got replaced with the downgraded version related to this thread. For ME, trying to make use this app just didn’t work. Each to his own, if it works for you - great.
That said, I drove over to my local Schwab office, showed them our two trust accounts balances, and am trying to get them to match Citibank’s offer of $3,500 for 2MM+ per account.
Let’s see what happens.
Re: Vanguard’s new iPhone app loses functionality
The new app also does not work for LLC accounts. I can see a total in that account but can't do anything like look at transactions or do mobile check deposit. I get a message that my type of account is currently not supported, use vanguard.com I also can't log out of my LLC and go to my taxable accounts.Doctor Rhythm wrote: ↑Mon Nov 01, 2021 3:35 pm [Thread merged into here --admin LadyGeek]
If you haven’t updated to the recently announced new-and-improved Vanguard mobile app for iOS, think twice before you do. I just updated today and regret it. The app has lost a lot of functionality, especially for the mutual-fund-only, non-brokerage accounts that they’ve been trying to get you to convert. From the FAQs:
Which accounts are not fully supported by this app?
Though we currently support most accounts types, we’re still working to fully support SEP IRA’s and Inherited IRA’s.
529 plans and 403b’s aren’t available in the app at this time. You'll need to visit vanguard.com to make a transaction or view your account details.
Currently we don’t plan to support non brokerage Mutual Fund-only accounts within the Vanguard app. You can access this account type on vanguard.com.
From what I can see, the new app:
— doesn’t allow you to buy or sell funds in unsupported accounts;
— doesn’t allow you to withdraw from unsupported accounts;
— doesn’t let you view SLID cost basis and gains/losses (at least for unsupported accounts);
— doesn’t show anything more granular than total stock to total bond allocation in portfolio analysis;
— doesn’t link to fund information (if you want to research a fund, you’ll need to go to their website).
It’s pretty much turned into a read-only app, good for checking your balances and that’s about it.
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Re: "Beacon," Vanguard's new mobile app
Has anyone been able to find where to find cost basis for individual tax lots for those using SpecID?
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Re: "Beacon," Vanguard's new mobile app
Not available in the new app. You need to login to the website. The new app is beyond useless...Bulgogi Head wrote: ↑Tue Nov 02, 2021 5:03 pm Has anyone been able to find where to find cost basis for individual tax lots for those using SpecID?
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Re: "Beacon," Vanguard's new mobile app
Wow, that is completely disappointing. This means I will not be able to tax loss harvest in the app.anon_investor wrote: ↑Tue Nov 02, 2021 5:21 pmNot available in the new app. You need to login to the website. The new app is beyond useless...Bulgogi Head wrote: ↑Tue Nov 02, 2021 5:03 pm Has anyone been able to find where to find cost basis for individual tax lots for those using SpecID?
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Re: "Beacon," Vanguard's new mobile app
You can't exchange mutual funds either... kind of big for tax loss harvesting.Bulgogi Head wrote: ↑Tue Nov 02, 2021 5:47 pmWow, that is completely disappointing. This means I will not be able to tax loss harvest in the app.anon_investor wrote: ↑Tue Nov 02, 2021 5:21 pmNot available in the new app. You need to login to the website. The new app is beyond useless...Bulgogi Head wrote: ↑Tue Nov 02, 2021 5:03 pm Has anyone been able to find where to find cost basis for individual tax lots for those using SpecID?
Re: "Beacon," Vanguard's new mobile app
I called Schwab today and they said they will match the 3K offer. Thank you very much for Telling me about the bonus!anon_investor wrote: ↑Sat Oct 30, 2021 9:31 pmSince Schwab matches what other brokerages offer, at least get them to match:Freefun wrote: ↑Sat Oct 30, 2021 9:23 pmI didn’t transfer anything yet but at least 2M. How much bonus should I ask for?anon_investor wrote: ↑Sat Oct 30, 2021 9:17 pmHow much did you transfer in order for them to offer waiving fees for the Vanguard funds? Did you also get a bonus?Freefun wrote: ↑Sat Oct 30, 2021 9:10 pm I followed the advice from some folks here. I called Schwab and asked them if I rollover my 401(k) to them will they waive fees for the Vanguard funds. They said they would be happy to and marked my accounts accordingly. So it looks like I’ll be buying vanguard funds such as life strategy but use Schwab since I like their app, website and most importantly their customer service. I realize I could buy ETFs but honestly I can’t be bothered even rebalancing so I’ll probably just go with lifestrategy funds and be done with it.
-E*Trade offers $3k for transfering $1.5M:
https://us.etrade.com/what-we-offer/how-it-works/promo
-Ally Invest offers $3k for transfering $2M:
https://www.ally.com/go/invest/promotion
Remember when you wanted what you currently have?
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Re: "Beacon," Vanguard's new mobile app
deleted
Last edited by Lookingforanswers on Fri Jun 17, 2022 11:15 pm, edited 1 time in total.
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Re: "Beacon," Vanguard's new mobile app
I really like the company and funds, hate the new app. My goodness, amidst an already challenging period with some negative press on accessibility and customer service, this was a terrible marketing move.
Why take away the majority of the mobile app functionality and relegate it to pretty much a snapshot view. This is extremely perplexing all the way around.
They tested Beacon for like 2 years and THIS is what they came up with!?
Why take away the majority of the mobile app functionality and relegate it to pretty much a snapshot view. This is extremely perplexing all the way around.
They tested Beacon for like 2 years and THIS is what they came up with!?
VTWAX and chill
Re: "Beacon," Vanguard's new mobile app
There’s a better deal to be had. Citibank is offering $3,500 for a transfer of 2MM+ in November. I called Schwab, sent them a screenshot, and they’re going to match the offer.Freefun wrote: ↑Tue Nov 02, 2021 7:50 pmI called Schwab today and they said they will match the 3K offer. Thank you very much for Telling me about the bonus!anon_investor wrote: ↑Sat Oct 30, 2021 9:31 pmSince Schwab matches what other brokerages offer, at least get them to match:Freefun wrote: ↑Sat Oct 30, 2021 9:23 pmI didn’t transfer anything yet but at least 2M. How much bonus should I ask for?anon_investor wrote: ↑Sat Oct 30, 2021 9:17 pmHow much did you transfer in order for them to offer waiving fees for the Vanguard funds? Did you also get a bonus?Freefun wrote: ↑Sat Oct 30, 2021 9:10 pm I followed the advice from some folks here. I called Schwab and asked them if I rollover my 401(k) to them will they waive fees for the Vanguard funds. They said they would be happy to and marked my accounts accordingly. So it looks like I’ll be buying vanguard funds such as life strategy but use Schwab since I like their app, website and most importantly their customer service. I realize I could buy ETFs but honestly I can’t be bothered even rebalancing so I’ll probably just go with lifestrategy funds and be done with it.
-E*Trade offers $3k for transfering $1.5M:
https://us.etrade.com/what-we-offer/how-it-works/promo
-Ally Invest offers $3k for transfering $2M:
https://www.ally.com/go/invest/promotion
The latest version of the VG mobile App, was the impetus I needed.
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New Vanguard app - Can’t buy VTSAX?
[Merged into the existing discussion -- moderator oldcomputerguy]
We cannot buy VTSAX directly from our checking account source to VTSAX anymore on app?
I had to do this on the website to make it happen. Furthermore, it even accepted my transaction from my settlement account to VTSAX when I have $0 funds in my settlement account. Why? I ended up cancelling it from the website.
We cannot buy VTSAX directly from our checking account source to VTSAX anymore on app?
I had to do this on the website to make it happen. Furthermore, it even accepted my transaction from my settlement account to VTSAX when I have $0 funds in my settlement account. Why? I ended up cancelling it from the website.
Re: New Vanguard app - Can’t buy VTSAX?
I have no idea. But the new Vanguard app is atrocious. Every bit as bad as everybody says. I use the website exclusively now…..
Re: New Vanguard app - Can’t buy VTSAX?
Use the website or switch to a broker with a functional app (Schwab, fidelity)
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Re: New Vanguard app - Can’t buy VTSAX?
Yeah, the new app no longer allows this formerly simple option. The new app is terrible. You have to transfer money from checking to settlement, the buy VTSAX. Lately I have instead just been buying VTI by $ amount using the Fidelity app. Fidelity gave me $100 just to open a new account with $50.Vanguard User wrote: ↑Fri Nov 05, 2021 5:30 pm We cannot buy VTSAX directly from our checking account source to VTSAX anymore on app?
I had to do this on the website to make it happen. Furthermore, it even accepted my transaction from my settlement account to VTSAX when I have $0 funds in my settlement account. Why? I ended up cancelling it from the website.
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Re: New Vanguard app - Can’t buy VTSAX?
The GUI is nicer but it doesn’t do what I wanted to do. I can’t just select my bank checking account anymore and do direct buy VTSAX?
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Re: New Vanguard app - Can’t buy VTSAX?
You can't do much of anything (In my experience)Vanguard User wrote: ↑Fri Nov 05, 2021 5:48 pmThe GUI is nicer but it doesn’t do what I wanted to do. I can’t just select my bank checking account anymore and do direct buy VTSAX?
Re: New Vanguard app - Can’t buy VTSAX?
Good job
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Re: New Vanguard app - Can’t buy VTSAX?
Did you try to buy VTI instead of VTSAX? Perhaps Vanguard is pushing its clients in an ETF direction.Vanguard User wrote: ↑Fri Nov 05, 2021 5:48 pmThe GUI is nicer but it doesn’t do what I wanted to do. I can’t just select my bank checking account anymore and do direct buy VTSAX?
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Re: New Vanguard app - Can’t buy VTSAX?
No. All I have is VTSAX taxable at Vanguard. Everything else at Fidelity.UpperNwGuy wrote: ↑Fri Nov 05, 2021 5:52 pmDid you try to buy VTI instead of VTSAX? Perhaps Vanguard is pushing its clients in an ETF direction.Vanguard User wrote: ↑Fri Nov 05, 2021 5:48 pmThe GUI is nicer but it doesn’t do what I wanted to do. I can’t just select my bank checking account anymore and do direct buy VTSAX?
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Re: New Vanguard app - Can’t buy VTSAX?
New app is brokerage only -- no support for mutual fund only accounts. Upgrade your account and then you can buy stocks/ETFs/mutual funds. Otherwise, you are stuck with desktop only.
Today's high is tomorrow's low.
Re: New Vanguard app - Can’t buy VTSAX?
Just got the app auto-updated on my phone. New UI looks much better but it seems to be a largely a read only app. Everything is just more streamlined and customizable on the website. I can’t even seem to check my messages on the app
Maybe they will add more functionality in the future. Currently it’s like a much abridged version of the desktop site whereas previously the old app had everything I needed to do and was a viable replacement/alternative to the desktop site.
Maybe they will add more functionality in the future. Currently it’s like a much abridged version of the desktop site whereas previously the old app had everything I needed to do and was a viable replacement/alternative to the desktop site.
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Re: New Vanguard app - Can’t buy VTSAX?
I hope, and actually expect, the phone app to pick up functionality in the (somewhat?) near future. Vanguard simply can't leave it the way it is.
Someone made the switchover to the new GUI a little too soon.
Someone made the switchover to the new GUI a little too soon.
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Re: New Vanguard app - Can’t buy VTSAX?
Perhaps you should consider asking Vanguard to do a no-tax-cost conversion of your VTSAX to VTI.Vanguard User wrote: ↑Fri Nov 05, 2021 5:53 pmNo. All I have is VTSAX taxable at Vanguard. Everything else at Fidelity.UpperNwGuy wrote: ↑Fri Nov 05, 2021 5:52 pmDid you try to buy VTI instead of VTSAX? Perhaps Vanguard is pushing its clients in an ETF direction.Vanguard User wrote: ↑Fri Nov 05, 2021 5:48 pmThe GUI is nicer but it doesn’t do what I wanted to do. I can’t just select my bank checking account anymore and do direct buy VTSAX?
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Re: New Vanguard app - Can’t buy VTSAX?
Even if you have a brokerage account, via the app you cannot fund a mutual fund purchase from your bank account. Instead you need to first transfer money from your bank account to your settlement account, then make your mutual fund purchase funded by your settlement account. If you use the website you can fund your mutual fund purchase directly from your bank account.Nummerkins wrote: ↑Fri Nov 05, 2021 6:09 pm New app is brokerage only -- no support for mutual fund only accounts. Upgrade your account and then you can buy stocks/ETFs/mutual funds. Otherwise, you are stuck with desktop only.
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Re: New Vanguard app - Can’t buy VTSAX?
Glad I kept the old app.
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Re: New Vanguard app - Can’t buy VTSAX?
What’s my benefit?UpperNwGuy wrote: ↑Fri Nov 05, 2021 7:36 pmPerhaps you should consider asking Vanguard to do a no-tax-cost conversion of your VTSAX to VTI.Vanguard User wrote: ↑Fri Nov 05, 2021 5:53 pmNo. All I have is VTSAX taxable at Vanguard. Everything else at Fidelity.UpperNwGuy wrote: ↑Fri Nov 05, 2021 5:52 pmDid you try to buy VTI instead of VTSAX? Perhaps Vanguard is pushing its clients in an ETF direction.Vanguard User wrote: ↑Fri Nov 05, 2021 5:48 pmThe GUI is nicer but it doesn’t do what I wanted to do. I can’t just select my bank checking account anymore and do direct buy VTSAX?
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Re: New Vanguard app - Can’t buy VTSAX?
You mean sell VTSAX and buy VTI?Nummerkins wrote: ↑Fri Nov 05, 2021 6:09 pm New app is brokerage only -- no support for mutual fund only accounts. Upgrade your account and then you can buy stocks/ETFs/mutual funds. Otherwise, you are stuck with desktop only.
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Re: New Vanguard app - Can’t buy VTSAX?
Maybe Vanguard will look at these complaints on this site and update?bubbly wrote: ↑Fri Nov 05, 2021 6:41 pm Just got the app auto-updated on my phone. New UI looks much better but it seems to be a largely a read only app. Everything is just more streamlined and customizable on the website. I can’t even seem to check my messages on the app
Maybe they will add more functionality in the future. Currently it’s like a much abridged version of the desktop site whereas previously the old app had everything I needed to do and was a viable replacement/alternative to the desktop site.
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Re: New Vanguard app - Can’t buy VTSAX?
You never updated?
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Re: New Vanguard app - Can’t buy VTSAX?
Correct. I had tried Beacon and didn't like it. I had read the reports about the Android App. I have automatic app updates turned off (well before this), and read the complaints here before manually updating. Still works fine. iPhone app version 11.14
Last edited by Cheez-It Guy on Fri Nov 05, 2021 8:38 pm, edited 1 time in total.
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Re: New Vanguard app - Can’t buy VTSAX?
Are you on iPhone or Android? Because I can still buy mutual funds directly from my checking account (iPhone, app version 12.0, last updated today).anon_investor wrote: ↑Fri Nov 05, 2021 7:39 pmEven if you have a brokerage account, via the app you cannot fund a mutual fund purchase from your bank account. Instead you need to first transfer money from your bank account to your settlement account, then make your mutual fund purchase funded by your settlement account. If you use the website you can fund your mutual fund purchase directly from your bank account.Nummerkins wrote: ↑Fri Nov 05, 2021 6:09 pm New app is brokerage only -- no support for mutual fund only accounts. Upgrade your account and then you can buy stocks/ETFs/mutual funds. Otherwise, you are stuck with desktop only.
Maybe I spoke too soon. I actually wasn't on version 12.0 yet, and now that I am, I see what others are describing. It will still let me submit the transaction with no money in the settlement account, but I get a notice that I need to have the funds there by the settlement date. Extra clicks (and a second transaction) that I shouldn't have to do.
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Re: New Vanguard app - Can’t buy VTSAX?
Exactly...TropikThunder wrote: ↑Fri Nov 05, 2021 8:34 pmAre you on iPhone or Android? Because I can still buy mutual funds directly from my checking account (iPhone, app version 12.0, last updated today).anon_investor wrote: ↑Fri Nov 05, 2021 7:39 pmEven if you have a brokerage account, via the app you cannot fund a mutual fund purchase from your bank account. Instead you need to first transfer money from your bank account to your settlement account, then make your mutual fund purchase funded by your settlement account. If you use the website you can fund your mutual fund purchase directly from your bank account.Nummerkins wrote: ↑Fri Nov 05, 2021 6:09 pm New app is brokerage only -- no support for mutual fund only accounts. Upgrade your account and then you can buy stocks/ETFs/mutual funds. Otherwise, you are stuck with desktop only.
Maybe I spoke too soon. I actually wasn't on version 12.0 yet, and now that I am, I see what others are describing. It will still let me submit the transaction with no money in the settlement account, but I get a notice that I need to have the funds there by the settlement date. Extra clicks (and a second transaction) that I shouldn't have to do.
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Re: New Vanguard app - Can’t buy VTSAX?
Agreed.
May neither drought nor rain nor blizzard disturb the joy juice in your gizzard. -- Squire Omar Barker (aka S.O.B.), the Cowboy Poet
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Re: New Vanguard app - Can’t buy VTSAX?
I have an iPhone.Cheez-It Guy wrote: ↑Fri Nov 05, 2021 8:32 pmCorrect. I had tried Beacon and didn't like it. I had read the reports about the Android App. I have automatic app updates turned off (well before this), and read the complaints here before manually updating. Still works fine. iPhone app version 11.14
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Re: New Vanguard app - Can’t buy VTSAX?
1. VTI has a lower expense ratio than VTSAX.Vanguard User wrote: ↑Fri Nov 05, 2021 8:17 pmWhat’s my benefit?UpperNwGuy wrote: ↑Fri Nov 05, 2021 7:36 pmPerhaps you should consider asking Vanguard to do a no-tax-cost conversion of your VTSAX to VTI.Vanguard User wrote: ↑Fri Nov 05, 2021 5:53 pmNo. All I have is VTSAX taxable at Vanguard. Everything else at Fidelity.UpperNwGuy wrote: ↑Fri Nov 05, 2021 5:52 pmDid you try to buy VTI instead of VTSAX? Perhaps Vanguard is pushing its clients in an ETF direction.Vanguard User wrote: ↑Fri Nov 05, 2021 5:48 pm
The GUI is nicer but it doesn’t do what I wanted to do. I can’t just select my bank checking account anymore and do direct buy VTSAX?
2. VTI can be moved from Vanguard to another brokerage without losing the ability to make free trades.
3. Vanguard seems to be redesigning its IT systems around ETFs rather than mutual funds.
There are other benefits that might not be of interest to a person committed to the boglehead philosophy of investing.
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Re: New Vanguard app - Can’t buy VTSAX?
note to the Vanguard rep who monitors these forums: this app wasn't ready when it was released and it still isn't! Revert to the old app until it is FULLY functional.
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Re: New Vanguard app - Can’t buy VTSAX?
A Vanguard rep monitors the forums? I'd be happy if they just monitor for incoming secure messages on their own website...newenglandpat wrote: ↑Fri Nov 05, 2021 9:38 pm note to the Vanguard rep who monitors these forums: this app wasn't ready when it was released and it still isn't! Revert to the old app until it is FULLY functional.
Re: New Vanguard app - Can’t buy VTSAX?
Almost like.... they want people to leave......
- Cheez-It Guy
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Re: New Vanguard app - Can’t buy VTSAX?
OK. But apparently your app has been updated. Mine was not. On purpose.Vanguard User wrote: ↑Fri Nov 05, 2021 9:10 pmI have an iPhone.Cheez-It Guy wrote: ↑Fri Nov 05, 2021 8:32 pmCorrect. I had tried Beacon and didn't like it. I had read the reports about the Android App. I have automatic app updates turned off (well before this), and read the complaints here before manually updating. Still works fine. iPhone app version 11.14
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Re: New Vanguard app - Can’t buy VTSAX?
Does it mean VTSAX will be discontinued?UpperNwGuy wrote: ↑Fri Nov 05, 2021 9:12 pm1. VTI has a lower expense ratio than VTSAX.Vanguard User wrote: ↑Fri Nov 05, 2021 8:17 pmWhat’s my benefit?UpperNwGuy wrote: ↑Fri Nov 05, 2021 7:36 pmPerhaps you should consider asking Vanguard to do a no-tax-cost conversion of your VTSAX to VTI.Vanguard User wrote: ↑Fri Nov 05, 2021 5:53 pmNo. All I have is VTSAX taxable at Vanguard. Everything else at Fidelity.UpperNwGuy wrote: ↑Fri Nov 05, 2021 5:52 pm
Did you try to buy VTI instead of VTSAX? Perhaps Vanguard is pushing its clients in an ETF direction.
2. VTI can be moved from Vanguard to another brokerage without losing the ability to make free trades.
3. Vanguard seems to be redesigning its IT systems around ETFs rather than mutual funds.
There are other benefits that might not be of interest to a person committed to the boglehead philosophy of investing.
- anon_investor
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Re: New Vanguard app - Can’t buy VTSAX?
No it means that Vanguard's new mobile app stinks.Vanguard User wrote: ↑Fri Nov 05, 2021 10:28 pmDoes it mean VTSAX will be discontinued?UpperNwGuy wrote: ↑Fri Nov 05, 2021 9:12 pm1. VTI has a lower expense ratio than VTSAX.Vanguard User wrote: ↑Fri Nov 05, 2021 8:17 pmWhat’s my benefit?UpperNwGuy wrote: ↑Fri Nov 05, 2021 7:36 pmPerhaps you should consider asking Vanguard to do a no-tax-cost conversion of your VTSAX to VTI.Vanguard User wrote: ↑Fri Nov 05, 2021 5:53 pm
No. All I have is VTSAX taxable at Vanguard. Everything else at Fidelity.
2. VTI can be moved from Vanguard to another brokerage without losing the ability to make free trades.
3. Vanguard seems to be redesigning its IT systems around ETFs rather than mutual funds.
There are other benefits that might not be of interest to a person committed to the boglehead philosophy of investing.