Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: T J Krueger who wrote (3416)	2/16/1998 5:06:00 PM
From: Tim Bagwell	of 42834

T.J. <<unless I'm mistaken a withdrawal from that particular fund MUST be in WRITING; therefore, how would one take advantage of a buy signal if there were to be one? It seems to me that by the time a letter would reach Vanguard the market could have already plummeted>> Bob has addressed this issue before and I believe his response was to use an overnight delivery service to issue your sell order to Vanguard. If you have to respond in writing there is little else you can do about it. Another possibility is to hedge by shorting SPY real time but this could be risky and has a commission cost. Still, it could be used as insurance. This is especially noteworthy since I believe that the funds do not have to perform your transaction immediately. If Vanguard gets hit with a bunch of sell orders then it could take them several days to liquidate depending on their running cash flow. Yet another possibility is to hold VTSMX in a brokerage account like Schwab and let them handle the transaction for you. There will be a commission on Vanguard funds but it might be worth it to you. Schwab has the Schwab 1000 fund which is not the same as VTSMX but the performance tracks pretty well. This one you can trade in a Schwab account with no commission. Expense ratio is a little higher also but still a reasonable amount.

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