This is probably a dumb question, but at Vanguard is there a way to redirect dividends. I know I can reinvest dividends into the same fund they came from. I know I can shut off reinvestment and they will go to Settlement Fund (VMFXX). From there I can use that money to purchase other funds, but is there a way setup your account that any dividends that pay out would automatically be used to purchase another fund without you having to wait for them to arrive in settlement fund and then purchase the other fund yourself?
For someone who is trying to phase out of a fund in Taxable account, but also doesn't want to login quarterly to make purchase this would be helpful.
For someone who is trying to phase out of a fund in Taxable account, but also doesn't want to login quarterly to make purchase this would be helpful.
Statistics: Posted by filbert — Mon Jan 20, 2025 2:55 pm — Replies 7 — Views 479