Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

Fiendish Thingy

(21,922 posts)

2. Sounds like a scam

Reply to question everything (Original post)

Wed Dec 31, 2025, 11:27 AM

7 hrs ago

Most folks, myself included, hold Vanguard funds within a portfolio managed by an investment firm or financial advisor (in my case, Ameriprise). The tax forms (usually 1099’s) are handled by the investment firm, not the individual funds.

I think it is extremely uncommon for private individuals to invest directly in a fund rather than have a managed portfolio.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

13 replies

= new reply since forum marked as read

Highlight:

Anyone a customer of Vanguard? Got an email welcoming me to.. 2021 tax season [View all] question everything 7 hrs ago OP

Are the crooks running them too? bucolic_frolic 7 hrs ago #1

Interesting. Did not click on anything only replied that I've done my 2020 returns five years ago.. question everything 7 hrs ago #4

Sounds like a scam Fiendish Thingy 7 hrs ago #2

I have for more that 25 years and many acquaintances do as well. Yonnie3 6 hrs ago #5

Same here. Both of us have IRA and Roth IRA and no other investment vehicle. Also self managed question everything 4 hrs ago #11

I echo what Yonnie3 in #5 says. I too directly own Vanguard funds as well as Fidelity and Schwab ones progree 6 hrs ago #6

Mine were hung up on tax avoidance and short-term performance Yonnie3 6 hrs ago #8

I got the same Yonnie3 7 hrs ago #3

Does not bode well for a financial institution question everything 4 hrs ago #10

How so? Yonnie3 3 hrs ago #12

Not realising that wrong numbers are being sent to everyone? question everything 2 hrs ago #13

No, I don't have any such email from Vanguard. But grrr, I maintain a consolidated summary at Vanguard progree 6 hrs ago #7

Shouldn't they be pretty good with numbers? Did AI forget to update the year? IcyPeas 5 hrs ago #9