u/brooklynlad

For those that use Vanguard as their brokerage, it seems that Vanguard will not allow dividend or capital reinvestment for shares trading above the $700/share threshold.

I wanted to change my election for Costco Wholesale (COST) to "dividend and capital gains reinvestment" from "transfer to settlement fund" online, but the option to do so was greyed out. I got a dialogue box saying this holding was ineligible for that option.

I contacted a representative over chat and was informed that "dividend and capital gains reinvestment" options are not eligible for stocks trading about $700 / share. I then asked, what would happen if I had bought the share at $100 / share and had that option selected and then the share went passed $700 / share. The representative said it could / would be changed to "transfer to settlement fund" then.

Anyone else have this issue? I haven't heard of this kind of restriction at Fidelity, etc.

Thanks in advance for your insights!

NOTE: I did not have this issue with the couple shares I have in COST at Fidelity.

I was trying to book a cruise for a family member as a surprise during my exact same sailing with my credit card. However, it wouldn't go through. Does anyone know if the sailor name has to match the name on the credit card? I keep getting a card cannot be authorized dialogue box.

Also, I contacted the phone agent and was informed their backend payment authorization services were experiencing issues, and they are trying to resolve this now. So if anyone else is having denial issues, it could be because of this IT hiccup.

The AI chatbot agent I typed with told me that for bookings with 'My Next Virgin Voyage' on the ship, the credit card name has to match the sailor name. Does this apply to regular online bookings at home?