1.6 mil taxable at Schwab. Term ends in Sept. you’ve listed exactly the reasons why I would not consider this Weibel. Enticing money, but you laid out the reasons why I’d pass.I am very curious about this Webull promotion. My port is worth 6m+ today with fido. If I'm doing the math correctly I cold get a bonus of $~88K (depending on whether or not they'll take $200K in bonds--actual bonds, not bond etfs) for my taxable account and $56K for my retirement accounts. That's $144K total bonus. bonkers!
I have a whole host of concerns with webull, including their Chinese affiliation, issues I've read about transferring cost basis, and possible issues selling individual tax lots.
Most of my positions are ETFs, with a few individuals. I probably make a 1/2 dozen trades a week (mostly sweeping dividends into ETF's and lots of TLH'ing between like ETF's). I'm currently 48, no children, without any large upcoming purchases (but who knows?).
Is anyone else tempted and considering a portfolio of this size? This is everything I've got, so tell me all the reasons not to consider this...thanks!
I previously had a cost basis fiasco in this taxable account at E*Trade. From what I’m reading here, and what I went through E*Trade, if it could be worse at WeBull, no thanks.
Edit:
And by the way, sounds like you were putting a lot of work into babysitting your portfolio. Go one fund, hands off, get your time and life back. My 2 cents.
Statistics: Posted by bbrock — Sun Jul 28, 2024 12:46 pm — Replies 8682 — Views 1612088