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Recently came into some money - Schwab joint brokerage account?
Posted on 8/19/26 at 1:37 pm
Posted on 8/19/26 at 1:37 pm
My wife and I recently came into a significant amount of money - well into the hundreds of thousands of dollars. We'd like to put the money into a Joint Brokerage Account at Schwab. What products do you recommend? We don't anticipate needing access to the money for some time. Any other advice?
Posted on 8/19/26 at 2:13 pm to The Hamburglar
quote:
Any other advice?
instead of giving you advice, how about you give me advice on stumbling onto significant amount of money. I’d like this to happen to me one time.
Posted on 8/19/26 at 2:22 pm to PeteRose
quote:yeah give us a step by step on this OP.
how about you give me advice on stumbling onto significant amount of money
In the Schwab account you can buy anything that is publicly traded. You’ll need to narrow down your wants/needs/risk tolerance
Posted on 8/19/26 at 2:26 pm to The Hamburglar
If you are having to ask this, I would either go with a top growth mutual fund with a history of great returns over many years, or hire a professional.
Posted on 8/19/26 at 2:29 pm to The Hamburglar
But......I know if I came into a lot....the majority would go into these 4 stocks:
DASH
RKLB
PRYMY
SPCX
Two of these are in the same industry (RKLB and SPCX), and all four hugely involved in the AI movement.
DASH
RKLB
PRYMY
SPCX
Two of these are in the same industry (RKLB and SPCX), and all four hugely involved in the AI movement.
Posted on 8/19/26 at 2:29 pm to The Hamburglar
quote:
My wife and I recently came into a significant amount of money - well into the hundreds of thousands of dollars. We'd like to put the money into a Joint Brokerage Account
I'd consider not doing a joint account. I'm not a lawyer, but I'm assuming 1 of you was given this money as inheritance? Personally I'd put it in that persons' name.
Posted on 8/19/26 at 2:31 pm to The Hamburglar
OUST and INDI
Large profits coming!!
Large profits coming!!
Posted on 8/19/26 at 3:00 pm to The Hamburglar
1. VTI and/or VOO
2. VXUS
3. Some type of very safe security (treasuries)
2. VXUS
3. Some type of very safe security (treasuries)
quote:Managing a windfall.
LINK
Posted on 8/19/26 at 3:09 pm to The Hamburglar
quote:
My wife and I recently came into a significant amount of money
quote:
The Hamburglar
Oh reeeeeally…..
I think Officer Big Mac would like a word with you!
Posted on 8/19/26 at 3:30 pm to The Hamburglar
If you dont already have Schwab accounts, I'd go with Fidelity. I have both and I think the Fidelity platform functions WAY better. Both have tons of no-fee fund options with low or zero expense ratios. A global market index fund is the simple choice to set it and forget it.
Posted on 8/19/26 at 3:43 pm to The Hamburglar
Are you maxing ,Roth IRAs? If eligible I'd probably start there. Then max your other tax advantaged retirement accounts (401k, 4013b etc). IPay off and high interest debts first.
Stick to low expense ratio index funds.
Is.this long term money or planning to spend it next few years?
Stick to low expense ratio index funds.
Is.this long term money or planning to spend it next few years?
Posted on 8/19/26 at 3:47 pm to The Hamburglar
With the current environment, don't put it all in the msrket...diversify into some precious metals.
How old are you?
How old are you?
Posted on 8/19/26 at 4:04 pm to Wwarmouth
I'd go with index growth funds and for fun, get some div funds like jepq/qqqi and route all dividends to those same funds. Do that and you can skip paying Schwab's advisors 1% or whatever you manage to negotiate and come out better.
Posted on 8/19/26 at 4:12 pm to Wraytex
if it's $300k, I'd break it into 3 selections and def put $100k into SCHG. the other 2 funds put it into something u know like Apple, KO (coke), philip morris PM, XOM (exxon) slow & steady wins the race
Posted on 8/19/26 at 4:50 pm to 3D
Before buying dividend funds make sure you understand the tax implications in a taxable brokerage.
This dude is apparently new to investing and many of you are suggesting picking individual stocks, that's terrible advice for a newbie!
This dude is apparently new to investing and many of you are suggesting picking individual stocks, that's terrible advice for a newbie!
Posted on 8/19/26 at 5:33 pm to The Hamburglar
1/2 VOO and 1/2 in VGT. Let it grow while you don’t need it.
Posted on 8/19/26 at 5:39 pm to The Hamburglar
Put it all into HGRAF. Thank me later.
Bookmark this post for referral after Christmas of '29.
ETA: For posterity. This post was on 08-19-26, after hours. HGRAF could have easily been bought on 8-20 for$4.50.
Bookmark this post for referral after Christmas of '29.
ETA: For posterity. This post was on 08-19-26, after hours. HGRAF could have easily been bought on 8-20 for$4.50.
This post was edited on 8/22/26 at 12:43 pm
Posted on 8/19/26 at 7:00 pm to baldona
Depending on state of residency this is easily the best advice on here so far.
Whoever inherited the money is how the account should be titled, not a joint account. You then add a Transfer On Death (TOD) to the account for the other person. The TOD acts like a beneficiary so that if the account owner passes the money passes to the spouse. But the inheritance should remain separate property.
Whoever inherited the money is how the account should be titled, not a joint account. You then add a Transfer On Death (TOD) to the account for the other person. The TOD acts like a beneficiary so that if the account owner passes the money passes to the spouse. But the inheritance should remain separate property.
Posted on 8/19/26 at 8:32 pm to TX_Tiger23
quote:
You then add a Transfer On Death
I put my inheritance in my Schwab account. My wife is listed as TOD. My daughter is listed as TOD2, in case of dual death.
Posted on 8/19/26 at 9:11 pm to Hangit
2 follow ups:
- I assume when you say your daughter it’s you and your current spouse’s daughter? If so, then good set up. Just wanted to make sure your daughter wasn’t from a previous relationship.
- If your daughter is under 18, who becomes her guardian, because that’s who will have access to the funds.
Just additional items to think through.
- I assume when you say your daughter it’s you and your current spouse’s daughter? If so, then good set up. Just wanted to make sure your daughter wasn’t from a previous relationship.
- If your daughter is under 18, who becomes her guardian, because that’s who will have access to the funds.
Just additional items to think through.
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