Kyle said there’s no cost. You can leave it empty (or $1). I might need it when I’m in Singapore.

• login from overseas — “unrecognized devices” would trigger SMS security code.
  • You can call Vanguard in advance
  • you can also make the overseas computer “recognized” in advance
  • you can also designate XR’s phone number for SMS
• my account type (brokerage) can buy mutual funds, ETF … everything.
• zero sales commission for mutual funds
  • “Never pay a commission when you buy and sell Vanguard mutual funds and ETFs in your Vanguard account. A few Vanguard mutual funds charge fees designed to help cover high transaction costs and discourage short-term trading.”
  • typically $3k commitment
  • vanguard mutual funds feature low expense ratio.
• $7 commission for stocks .. actually depends on the account
• hotline 8am – 10pm EST
• You can keep the account “empty” forever and avoid $20 annual fee by opting for e-delivery. Confirmed with hotline staff and also MailPreferences page