Comments on: ETF transfer from Vanguard to WellsTrade

By: indexfundfan

indexfundfan — Wed, 13 Feb 2008 21:40:23 +0000

SHV is an ETF. If you sell it, it will settle in 3 business days, but you can immediately use it to buy another ETF or stock (since this will also settle in 3 business days).

SHV is a treasury bond fund so in terms of credit risk, it is as safe as it can be. But its price does fluctuate very slightly. You should check out the price chart — but be aware that it pays dividends at the end of the month so there is always a price dip on those days.

By: Nicky

Nicky — Wed, 13 Feb 2008 20:50:49 +0000

Thanks, I haven’t dealt with short term bonds before, the way I understand it is if I sell the bond, cash would be available immediately, with th MMF, it would be next day, is it safe to park money in SHV?

By: indexfundfan

indexfundfan — Wed, 13 Feb 2008 20:29:24 +0000

Nicky, for the money at WellsTrade, I put it into RMMXX and SHV. See LINK.

By: nicky

nicky — Wed, 13 Feb 2008 20:22:05 +0000

May I ask where you keep your short term cash, bond fund or Money market? thanks.

By: indexfundfan

indexfundfan — Wed, 13 Feb 2008 19:21:32 +0000

Oh, I am glad to hear that it is just a misunderstanding.

By: nicky

nicky — Wed, 13 Feb 2008 18:51:08 +0000

I sent them an email, turns out that I have to manually add the brokerage account, by going to account services -> add accounts.

By: indexfundfan

indexfundfan — Tue, 12 Feb 2008 06:11:59 +0000

My stocks show up the same day they got deducted from VBS. You might want to call up Wells Fargo.

By: nicky

nicky — Tue, 12 Feb 2008 05:40:35 +0000

I transfered my stocks from Scottrade on 2/4, my stocks were gone from Scottrade on 2/7, but nothing shows yet at Wells Fargo???