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Can I trade Vanguard mutual funds for stock in IRA? Fsly related
Posted on 6/27/20 at 3:19 pm
Posted on 6/27/20 at 3:19 pm
Currently have an old rollover traditional IRA with about $40k in VTSAX. Wife has her rollover with about $20k in VIGAX. I don’t see the option to exchange for individual stocks, but I assume I can sell into my settlement funds, then purchase Fastly or Sea Limited once the transaction in the settlement funds clear? Got on the Fastly train in early May after reading cgrand’s advice, and I don’t see this slowing down anytime soon. Would rather the 400% ROI than the 18-22% with VTSAX and VIGAX.
Also contemplating withdrawing those IRA funds, taking the 10% penalty and paying taxes, and transferring that money to Robinhood to purchase FSLY, SE, and maybe AMZN. Looking to purchase a house in the next 2-3 years (not my first home purchase, so do not benefit from that penalty exclusion), and thinking that I can gain much more in those aforementioned stocks to cover the 10% penalty and taxes, have returns to help for a down payment, and payback our IRAs in full.
Thoughts?
Also contemplating withdrawing those IRA funds, taking the 10% penalty and paying taxes, and transferring that money to Robinhood to purchase FSLY, SE, and maybe AMZN. Looking to purchase a house in the next 2-3 years (not my first home purchase, so do not benefit from that penalty exclusion), and thinking that I can gain much more in those aforementioned stocks to cover the 10% penalty and taxes, have returns to help for a down payment, and payback our IRAs in full.
Thoughts?
Posted on 6/27/20 at 3:41 pm to Crescent Connection
If you have a Vanguard Brokerage account you can. Sell the mutual funds and buy the stocks when your money settles and becomes available.
Posted on 6/27/20 at 6:21 pm to Crescent Connection
I see no reason to take the penalty & pay taxes to move to Robinhood. Sell some mutual fund shares, when settles buy the stocks you want. Keep all funds in the current Rollover IRA.
Posted on 6/27/20 at 6:51 pm to Crescent Connection
That $40K becomes $25K. Ouch. I would not do it.
Posted on 6/27/20 at 7:34 pm to Crescent Connection
as to the how, open a brokerage acct at vanguard and sell the mutual fund shares to fund the new acct.
only you can decide whether that’s a good idea or not
only you can decide whether that’s a good idea or not
Posted on 6/27/20 at 9:55 pm to Crescent Connection
Do a IRA rollover to a online brokerage like ETrade, and make any kind of trade you want. No 10% penalty, or taxes when transferring into another IRA. No taxes owed on gains from stock trades unless the money is withdrawn from the IRA.
Posted on 6/28/20 at 9:14 pm to Crescent Connection
Putting all your money on a single equity is rarely a good move. Good luck if you do it
This post was edited on 6/28/20 at 9:15 pm
Posted on 6/28/20 at 9:44 pm to IM4LSUTIGERS
Well that 40k then becomes 28k. Rule of 72 that out.
At 9% average, that money doubled every 8 years.
8 years -24k lost
16 years - 48k lost
24 years - 96klost
32 years - 192k lost
I don’t know how old the individual is but that is a lot of potential loss take the taxes and penalty.
At 9% average, that money doubled every 8 years.
8 years -24k lost
16 years - 48k lost
24 years - 96klost
32 years - 192k lost
I don’t know how old the individual is but that is a lot of potential loss take the taxes and penalty.
Posted on 6/29/20 at 7:22 am to LSUtiger89
I'm 34 and currently max out my employer Roth 403(b) and my wife contributes 5% to her 401(k). It's hard to ignore the parabolic returns on FSLY.
Posted on 6/29/20 at 10:53 pm to Crescent Connection
You want to go from a 4-star, low cost Vanguard Mutual Fund to a stock where a lot of people have already made the Easy Money? I'd suggest learning a little more before you take that leap. You can free trades at any brokerage firm now. The old school firms will have research that that is worth setting up an account. Schwab or Fidelity would be better choices than Robinhood.
You are welcome.
... with that said ... you only find out how it will /would have gone, if you put some into the stocks you want to buy... for better or worse.
You are welcome.
... with that said ... you only find out how it will /would have gone, if you put some into the stocks you want to buy... for better or worse.
This post was edited on 6/30/20 at 12:19 pm
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