if you want to move brokerages, don't necessarily sell. just because of tax implications. you can do it of course, just assess your situation carefully. You can transfer shares over to new brokerage for a fee, and sometimes the new broker will waive it for you. I think it's usually $50-125 depending on the brokerage if they don't cover it.
What does this mean? I only have investment with Robinhood. Should I sell or open in a new platform?
Probably sell as soon as you feel it's right and never use retail stock platforms ever again
don't sell because you won't be able to buy back. hold your positions but move cash out and open a second account.
from lurking today I decided on fidelity. they didn't go down and people seem to like them
also opening a webull, they did go down but why not diversify, it's free
if you want to move brokerages, don't necessarily sell. just because of tax implications. you can do it of course, just assess your situation carefully. You can transfer shares over to new brokerage for a fee, and sometimes the new broker will waive it for you. I think it's usually $50-125 depending on the brokerage if they don't cover it.
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