If you think about it $20 barley pays the postage

Reader comment on: Vanguard Hits Non-Millionaires With New $20 Per Account Fee

Submitted by lyle (United States), Sep 15, 2022 12:39

Combine the 12 month statements as well as the various annual reports and the cost to mail notices of annual meeting etc, and if one has a couple of stocks in the portfolio, then the postage cost would be at least $20.
So since the larger the account is the more money it makes for vanguard, it makes sense to charge for this, as indeed most banks also do today.

Note: Comments are moderated by the editor and are subject to editing.

Other reader comments on this item

Title By Date
⇒ If you think about it $20 barley pays the postage [70 words]lyleSep 15, 2022 12:39
About time [33 words]Andrew TerhuneSep 1, 2022 17:34

Comment on this item

Mark my comment as a response to If you think about it $20 barley pays the postage by lyle

Email me if someone replies to my comment

Note: Comments are moderated by the editor and are subject to editing.