Comments on: Vanguard ETFs Move to NYSE Arca Exchange

By: CK

CK — Fri, 16 Jan 2009 19:35:25 +0000

Well I was able to purchase Vanguard ETF’s w/ no probs on E*Trade – they were listed on the Arca and everything went like normal so far as a buy goes.

Now will the market stop tanking please? Pretty please?

lol

By: CK

CK — Sat, 03 Jan 2009 16:51:15 +0000

Hey Dave,

First off, the “book a spot Rate” I was talking about was a tip I heard of (from an ETrade rep on the phone one day) where if you are transferring larger sums of CDN to USD you will save money on the exchange – apparently they offer you a better conversion rate if you ask them to book you a spot rate, whereas he said if I just ask them to transfer the money over from one account to the other, they will charge more…that is what he told me so that is what I am doing.

Today I was on E*Trade and saw that there were quotes up for VTI on the NYSE Arca (still 20min delayed though) I did a “Preview order” and it looked like I could purchase the shares right on the website, without having to talk to anyone…however, I did not execute the trade so I am not 100% sure if I will be charged an extra fee or not.

I am planning to do some trades in the coming week so Ill let you guys know how it goes.

By: David

David — Mon, 17 Nov 2008 21:24:04 +0000

Hope E-trade could set up the online service of buying and selling of ETFs with NYSE-Arca as soon as possible. Otherwise we have to shift our fund to other online dealers.

By: Dave

Dave — Tue, 28 Oct 2008 18:49:12 +0000

Charles, no the latest is that with E*Trade you have to call them to make the trade. Although I don’t really mind it. I like talking to a real person. It does take a little bit longer though.

By: Charles in Vancouver

Charles in Vancouver — Tue, 28 Oct 2008 15:44:26 +0000

Any further news on this? It’s still so ridiculous…

By: Kimmo

Kimmo — Wed, 08 Oct 2008 21:03:41 +0000

RBC Direct Investing allows to get quotes, buy and sell online.

By: Dave

Dave — Wed, 08 Oct 2008 19:20:20 +0000

Can you explain this “I booked a “spot rate” to transfer some CDN to USD” business?

By: CK

CK — Wed, 08 Oct 2008 18:56:53 +0000

Thanks Dave.

My money finally showed up on E*Trade. I booked a “spot rate” to transfer some CDN to USD – I guess that is cheaper than doing the transfer yourself online.

She told me it would take till tomorrow till my money showed up in the trading accounts online – but then I complained and she said she would update the system and my “money should be avail in 15 min” – interesting.

Glad I wont have to pay the $35. Thanks for the updates.

By: Dave

Dave — Tue, 07 Oct 2008 23:48:48 +0000

Hey guys, I just updated the post. The bad news is that the only way to buy and sell Vanguard ETFs now is by calling E*Trade. The good news is that you will not be charged an extra $35 commission if the trade is for a stock that cannot be purchased online.

By: CK

CK — Tue, 07 Oct 2008 22:54:53 +0000

Oh my god boys, what a gong show. Dave let me know how you made out doing over the phone trade with E*Tards.

Seriously, that really sucks that I have to call in to make these trades now…not that I am doing it frequently but still dealing with anyone on the phones these days is usually frustrating…I really hope there is no $35 charge either cause the whole reason I went to E*Trade was for the $9.99 deal.

*Sigh* and I thought self managed portfolios were going to be easy…. LOL