Looking for some advice on transferring my taxable account (currently with TD Ameritrade) to Vanguard…
My TDA account currently is about $8,000 and I’m contributing a little more than $200 a month. And 95% of my shares have been invested for more than a year.
The account consists of:
50%- VTI (Vanguard Total Stock Market ETF)
50%- spread across 5 different individual stocks
I want to transfer to Vanguard and invest in VTSMX (Vanguard Total Stock Market Index Fund Investor Shares) to be able to set up automatic bi-weekly investments (passive/lazy investing approach). Plus with my monthly contribution I’m only able to buy one share of VTI through TDA per month and this is done manually. Through Vanguard I’d be able to currently buy at least three shares a month.
Finally to where I need some advice
1.) Should I transfer all of this to Vanguard as in kind and the liquidate through Vanguard ($7 fee per stock) and purchase VTSMX?
2.) Liquidate through TDA ($6.95 fee per stock; VTI commission free) and then transfer cash to Vanguard?
3.) Leave the individual stocks in TDA and forget them for awhile? Then transfer VTI to Vanguard and liquidate and buy VTSMX?
4.) Do nothing?
I really would like to do the passive/lazy investment style through Vanguard as I do with my Roth IRA and pre-tax 403b but am still slightly torn due to the $75 TDA fee for transferring entire account and tax implications.
Really looking forward to everyone’s advice and/or experience with this!
Thanks in advance!