Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.
“Jack” Bogle, founder of the brokerage, created the first index fund, which offers the ability to invest in a basket of stocks and/or bonds with low fees and minimal risk.
It may not come as a surprise then that Vanguard is known for its low-cost investing options. Account holders don’t pay commissions for trading stocks and ETFs, and they avoid paying transaction fees for over 3,000 mutual funds. Investors can get advice through the robo-advisor service Vanguard Digital Advisor®, which automatically manages your investment portfolio.
Below, Select reviews Vanguard’s offerings to give you the details on the investment options, features and fees so you can decide if it’s right for your needs.
Subscribe to the Select Newsletter!
Our best selections in your inbox. Shopping recommendations that help upgrade your life, delivered weekly. Sign-up here.
Information about Vanguard has been collected independently by Select and has not been reviewed or provided by Vanguard prior to publication.
Minimum deposit and balance
Minimum deposit and balance requirements may vary depending on the investment vehicle selected. No minimum to open a Vanguard account, but minimum $1,000 deposit to invest in many retirement funds; robo-advisor Vanguard Digital Advisor® requires minimum $3,000 to enroll
Fees may vary depending on the investment vehicle selected. Zero commission fees for stock and ETF trades; zero transaction fees for over 3,000 mutual funds; $20 annual service fee for IRAs and brokerage accounts unless you opt into paperless statements; robo-advisor Vanguard Digital Advisor® charges up to 0.20% in advisory fees (after 90 days)
Stocks, bonds, mutual funds, CDs, ETFs and options
Retirement planning tools
Vanguard is a solid choice for its commission-free stock and ETF trades, as well as for its thousands of mutual funds with no transaction fees.
Vanguard doesn’t have many tools for those who are more active traders or interested in short-term trading, therefore leaving it a stable option aimed at investors who want to buy and hold funds, stocks or bonds for the long term. A platform like Robinhood may be better for those looking to day trade or purchase options (which charges no fees for options trading).
User reviews make it seem that it’s easier to manage your Vanguard investments on the go if you’re an Apple user. The Vanguard app is available to download for free in both the App Store (for iOS), where it has 4.7/5 stars, and on Google Play (for Android), where it has a low 1.9/5 stars at the time this article was written.
Minimum deposit and balance requirements vary depending on the Vanguard account you select.
While there is no minimum to open a Vanguard account, investors must make a minimum $1,000 deposit to invest in many retirement funds. Zero-commission trades can be made with stocks and ETFs, and there are no transaction fees for over 3,000 mutual funds. Expense ratios for the ETFs and mutual funds are some of the lowest around, with an average of 0.10%, much lower than the industry average.
The robo-advisor service Vanguard Digital Advisor requires a minimum deposit of $3,000 to enroll. There’s also up to a 0.20% annual advisory fee (although their is a fee waiver for the first 90 days after account opening) to use the automated investing platform.
And, lastly, though there is a $20 annual service fee for Vanguard IRAs and brokerage accounts, this can be easily waived if you opt into paperless statements.
Vanguard stands out as a rather low-cost option for those looking for a brokerage account. It has a large selection of ETFs and mutual funds which appeals to long-term investors who want to see their money grow.
If you’re interested in the robo-advisor element of Vanguard, you may want to first check out alternatives such as SoFi Invest, whose automated investing platform has zero account management fees and no minimum requirements. It offers a broad range of low-cost ETFs and will automatically rebalance your portfolio on a quarterly basis. Read our full SoFi Invest review.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Darren Herft believes ETFs present a unique investment opportunity – Net Newsledger
Exchange traded funds (ETF) are securities that track a sector, commodity, or an index. Unlike mutual funds that can only be traded once a day, Exchange traded funds (ETF) prices fluctuate all day, much like specific stocks being exchanged on the stock market.
According to veteran investor Darren Herft, ETFs have opened a new vista for investors as they can be traded on most stock exchanges in the same way as regular stocks.
“Exchange traded funds (ETF) can be organised to track a diverse array of investments, ranging from individual commodity prices to any number of securities,” says the Australian entrepreneur.
“They can be designed to track investment strategies!” he adds.
Darren Herft believes that the lower expense ratios coupled with lower brokerage fees makes them a lucrative option for investors looking to diversify their holdings.
“For investors looking for more liquidity, Exchange traded funds (ETF) provide a better avenue than mutual funds,” says Darren Herft.
He believes that in many ways, Exchange traded funds (ETF) hold an edge above stocks.
Darren Herft says, “Rather than holding only one asset like a stock, Exchange traded funds (ETF) hold multiple assets and that has helped their popularity.”
A single Exchange traded fund (ETF) could have numerous stocks under its umbrella. While some are nationally focused, others are global.
Darren Herft says that even within the Exchange traded fund (ETF) world, there are various options for investors to consider.
“Their utility can range from income generation to hedging or partly offsetting risks in an investor’s arsenal,” says Herft.
He thinks that more fiscally conservative investors might find Bond Exchange traded funds (ETF) to be suited to their needs and temperament. Bond Exchange traded funds (ETF) provide regular income to their holders depending upon the performance of the bonds under their umbrella.
“Bond ETFs could have government bonds, corporate bonds or municipal bonds in their ambit and unlike bonds, they don’t have a maturity date,” says Herft.
Herft says that more risk-tolerant investors might find their match in Stock Exchange traded funds (ETF). Consisting of a basket of stocks that track a whole sector or industry, they provide an investor with a uniquely diverse portfolio with established high performers coupled with newer stocks with growth potential.
“It’s a good collection of stocks and investors don’t have to worry about high fees associated with stock mutual funds,” adds Herft.
Other types of Exchange traded funds (ETF) include Industry ETFs, Commodity ETFs, Currency ETFs, and Inverse ETFs. Herft thinks that the most attractive quality of this investment vehicle is its ability to be diverse and specialized at the same time.
While the AFL aficionado believes that Exchange traded funds (ETF) can be a useful vehicle for many investors, he is of the opinion that they should not be put on a pedestal.
“As with any investment, there are pros and cons and I would recommend anyone looking to invest in anything to do their own independent research and consult experts if they can, before making a decision,” he adds.
Feds announce $3M investment for Calgary’s Energy Transition Centre – Globalnews.ca
As Calgary attempts to become a centre for a transitioning energy industry, a new hub that focuses on clean energy in the city’s downtown core has received a major boost.
Federal ministers, along with Calgary Mayor Jyoti Gondek, were on hand Wednesday to announce a federal investment of more than $3 million towards the clean technology sector in Alberta, including more than $2.1 million to help fund the Energy Transition Centre.
Another $900,000 is earmarked for the Foresight clean technology accelerator, to provide training and investment attraction for Alberta clean technology companies.
“We are moving in the direction of seriously harnessing the potential of Calgary’s energy sector — the technology that we have resident in this sector for the future of the energy second,” University of Calgary chancellor Deborah Yedlin said. “This is our Wayne Gretzky moment, we’re asking towards where the puck is going.”
The Energy Transition Centre will take up an entire vacant floor at the Ampersand building in Calgary’s downtown core.
Barring any issues with COVID-19, officials said the plan is for the centre to open on March 1.
IEA head says Canadian oil industry can be part of energy transition if it gets cleaner
“This innovation hub will help small- and medium-sized businesses develop clean energy technologies that will help meet a growing global demand for environmentally-friendly products and processes,” said Daniel Vandal, federal minister responsible for Prairies Economic Development Canada.
According to officials, the Energy Transition Centre is set to be a space to connect Canadian energy companies with clean energy start-ups, innovators and investors with access resources and experts in the field.
Federal officials hope the centre helps to create 25 new businesses in the clean energy sector over the next three years.
Calgary’s mayor said the investment provides both a boost to the city’s efforts to become an energy transition hub as well as its work to revitalize the downtown core.
“We are seeing bold, innovative and collaborative ideas coming forward that are inspired by entrepreneurial Calgarians,” Gondek said. “This will be a catalyst for success in terms of Calgary’s leadership in climate protection and energy transformation, as well as our downtown revitalization.”
From lithium to hydrogen: How Alberta hopes to power the new energy future
According to a study on energy transition released in December, a clean energy sector could create 170,000 jobs and contribute up to $61 billion to the province’s GDP by 2050. However, the study also estimates a path to net zero would need $2.1 billion in annual investments by 2030, increasing to $5.5 billion by 2040.
Although Wednesday’s announcement was encouraging for some experts, there is some belief that policy changes and not just funding will be key to a successful clean energy sector in the province.
“There are ways that governments can use financial tools to provide guarantees that can stimulate a lot more investment to prove out new technologies, and also to make sure that support is structured fairly,” University of Calgary sustainable energy development masters director Sara Hastings-Simon said.
“We’re going to be in a world that looks very different from an energy perspective in just a couple years from now, and so we don’t have a lot of time really left to wait — we really need to be preparing now for that future.”
The investment was also welcomed by Alberta’s opposition NDP, who were also critical of the notable absence of the provincial government during the announcement.
“There is zero investment from the province in this initiative. Why is the UCP ghosting Alberta’s efforts to diversify the economy and promote clean energy?” NDP energy critic Kathleen Ganley said in a statement.
A spokesperson for the Ministry of Jobs, Economy & Innovation said the province wasn’t involved in the announcement because there was no provincial funding for the initiative.
“We remain committed to responsible energy development, reducing emissions and supporting jobs,” Alberta government spokesperson Tricia Velthuizen said in a statement to Global News. “Through innovation and technology, industry can continue to reduce emissions, even with increased oil and gas production.”
Kenney touts energy industry success at Chamber of Commerce speech
According to Vandal, the federal government is looking at projects with Alberta’s provincial government and that both are “aligned on job creation and diversifying the economy.”
“Those consultations and communications are occuring,” Vandal said. “All levels of government need to be on the same page.”
© 2022 Global News, a division of Corus Entertainment Inc.
Ford sees $8.2 billion gain on its investment following Rivian’s IPO – Driving
Ford continues to gain, despite abandoned plans to jointly develop an EV with the startup
Ford Motor Co. expects to record a gain of $8.2 billion in the fourth quarter on its investment in RivianAutomotive Inc. after the electric-truck maker’s blockbuster initial public offering late last year.
The legacy automaker disclosed the gain Tuesday along with several special items it intends to report when Ford releases earnings on Feb. 3. The Dearborn, Michigan-based company will also reclassify a non-cash gain of about $900 million on the Rivian investment from the first quarter of last year as a special item, meaning it will be excluded from the full-year adjusted results, according to a statement.
The disclosures show Ford continues to gain from its connection to the startup even after the auto giant exited Rivian’s board in September and subsequently announced it had abandoned plans to jointly develop an electric vehicle. Ford, which has invested a total of $1.2 billion in Rivian since early 2019, has a 12 per cent stake that the company has said was valued at more than $10 billion in early December.
Rivian delays big battery packs to prioritize more deliveries
Tesla doubles down on accusations rival Rivian stole its battery secrets
Since a November listing that was the largest IPO of 2021, Rivian has been on a roller coaster. The shares peaked at more than $172, but have tumbled 57 per cent since then as the company faced new competition in the electric-vehicle market. Rivian was briefly valued at more than $100 billion, then more valuable than Ford, but Ford has subsequently reclaimed the lead after it topped $100 billion in value for the first time last week.
Ford shares were little changed in after-hours trading Tuesday in New York, while Rivian climbed less than one per cent.
Scientists study travels of meteorite that landed in B.C. in October – Vancouver Sun
Change your Perspective (Plastic use)
Global National: Jan. 19, 2022 | Canada's inflation rate soars to its highest level since 1991 – Global News
Silver investment demand jumped 12% in 2019
Europe kicks off vaccination programs | All media content | DW | 27.12.2020 – Deutsche Welle
Iran anticipates renewed protests amid social media shutdown
Sports9 hours ago
Soccer-USMNT embrace the cold as World Cup qualifying heats up
Art21 hours ago
At Art Basel, FLUF Haus Breaks Barrier Between Metaverse And Physical World – Forbes
News10 hours ago
Trudeau says Canada fears armed conflict in Ukraine as Russia ramps up aggression – CTV News
Art19 hours ago
300-pound local art heist took 4 minutes | News | pentictonherald.ca – pentictonherald.ca
Art21 hours ago
First artist chosen for Art @ the Library – Delta-Optimist
Economy21 hours ago
Crypto VC Firm Inflection Launches $40M Fund to Build ‘Open Economy’ – CoinDesk
Health15 hours ago
HPHA declares COVID-19 outbreak over at local hospital – BlackburnNews.com
Politics18 hours ago
Opinion: Canadians will pay the price for the Liberals playing politics with trucking – Calgary Herald