Reply to Vanguard Target Date funds (in taxable accounts) --- WHAT IS GOING ON?

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Reply to "Vanguard Target Date funds (in taxable accounts) --- WHAT IS GOING ON?"

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[quote=Anonymous]OP here again.

It was around $1 million.  I've read investment books before and they say it's fine to invest in Target Date funds if you don't want to rebalance every year.  Most people are not financial wizards.  We look to stable, reputable companies, like Vanguard, and then we invest in solid, conventional funds that track with our retirement goals.

Obviously, we can sell $28,000 worth of fund shares.  It's just such a SHOCK that this happened.  This is NOT the normal distribution.  This was caused by Vanguard intentionally drawing larger investors OUT of the target-date funds, therefore triggering a sell-off of unexpected proportions.

Again, we had 100% faith in Vanguard and moved everything into Vanguard several years ago to make it easier to keep track of things.  My head is throbbing and I feel very betrayed by the company I trusted with our money.  People don't expect Vanguard to screw the little investors (less than $5million).

It's just very shocking.  I can see people having heart attacks over this.  It is not the normal course of events.[/quote]

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