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re: Charles Schwab just announced it is going to zero commissions on online stock trades
Posted on 10/1/19 at 9:27 am to Y.A. Tittle
Posted on 10/1/19 at 9:27 am to Y.A. Tittle
quote:
How cumbersome is it to switch over online brokerage accounts from one firm to another?
This all depends on what underlying stocks, funds, or ETFs you have. That’s the benefit of ETFs quite frankly is you can transfer say VTI to Schwab very, very easily, but in some cases you couldn’t move VTSAX without selling it first and generating the capital gains taxes.
Call Schwab and they will handle all the details for you. You may need to get a Medallion signature which is a pain in the arse, but that’s about it.
This post was edited on 10/1/19 at 9:28 am
2
Posted on 10/1/19 at 3:37 pm to OleWarSkuleAlum
quote:
This all depends on what underlying stocks, funds, or ETFs you have. That’s the benefit of ETFs quite frankly is you can transfer say VTI to Schwab very, very easily, but in some cases you couldn’t move VTSAX without selling it first and generating the capital gains taxes.
Do you have a lifelong goal of fricking up people’s lives?
Posted on 10/1/19 at 7:21 pm to OleWarSkuleAlum
quote:
You may need to get a Medallion signature which is a pain in the arse
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