Hacker News new | ask | show | jobs
by giantg2 500 days ago
That's because Vanguard is a buy and hold philosophy. They have previously stated that they designed their site for the bulk of the users. Those users log in just to check their balances in the 5 or fewer funds/ETFs that they hold. So instead of building something that would be reasonably easy for everyone, they built something that was easy for their primary (aging) user base. It's the same sort of mentality how they don't allow inverse ETFs, they aren't going to offer any crypto related stuff, etc.
2 comments

At some point you need to realize your gains—perhaps to rebalance a portfolio, or to pay for an expense, or because you’re retiring and now it’s time to enjoy the profits of your buying and holding. And a lot of people elect specific-lot cost basis accounting to minimize tax burden.
Supposedly they have a tax loss harvesting and "min tax" tool for that.
The “tool” was sorting your lots by cost basis, which is what Enginerrrd is saying was taken away.
I would guess it's still there but buried in some UX hell hole
I did some rebalancing recently, and couldn't find it. You can sort by capital gain per lot, which isn't very helpful if your lots are vastly different sizes. Thankfully I don't have that many lots, and had plenty of capital loss carryover to offset the gains, so it doesn't matter that much, but it's annoying, and it's probably the straw that's going to get me to actually move to a better brokerage. (which I guess is fine for Vanguard, if I'm at a different brokerage, it reduces Vanguard's costs)
They can't even correctly donate from a Vanguard brokerage account to a Vanguard DAF without breaking the cost basis.