UnThreaded | Threaded | Whole Thread (27) | Ignore Thread Prev | Next
Author: inparadise Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 753406  
Subject: Re: Portfolio monitoring problems Date: 7/26/2000 1:25 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
InParadise: 15 different accounts! Is that really a good idea? Is that because you consider investing
through any single brokerage too risky?


It is for 4 people:

Ed. IRAs for 2 children, as well as 3 UTGMAs, 2 of which will be condensed when the load no longer applies. (My parents started that one at Putnum for our oldest. We don't do load funds in any shape or form anymore, and convinced them to let us control the $ for the youngest, so his is in one account.)

So 5 accounts for the kids.

The rest are a 401K, Roth IRAs, contributory IRAs, rollover IRAs for different past employers and 401K and pension rollovers, some from the same employer. Two taxable accounts and one mmkt acct which I didn't even include in my original count.

The accounts we trade stocks in tend to be at Brown, Mutual funds at Schwab, mmkt at X, 401K at Y, and Putnum fund at Z.

I have asked tax experts whether or not we could merge our IRAs together, and the standard reply is probably not our best choice to do so. They don't really see any concrete reason other than to keep our options open in the future. If my brain survives that long in the tracking process!

No, I am not paranoid and would have everything in one place were there a broker that was good for everything.

FWIW,

InParadise
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (27) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Saul's Investing Discussions

Why Did I Buy a Bunch of PFIE Today?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement