Aug 18, 2015, 10:37 pm
Last edit by: muji
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Apr 18, 2015, 7:02 am
#91
Join Date: Jan 2012
Posts: 757
Mine is split between VTI and VXUS. I had to trade online to set up the investments, the trades are free and easy. I had to call a few times to deal with the rollover, but that was a complication based on the securities I was moving over. You need a checking account also. I am two months since opening the checking account and my "status" has not kicked in yet. Waiting for the third statement to cut.
Apr 18, 2015, 11:54 am
#92
Join Date: Oct 2014
Posts: 76
Mine is split between VTI and VXUS. I had to trade online to set up the investments, the trades are free and easy. I had to call a few times to deal with the rollover, but that was a complication based on the securities I was moving over. You need a checking account also. I am two months since opening the checking account and my "status" has not kicked in yet. Waiting for the third statement to cut.
Now the money is in the Merril Edge roll over IRA as cash.
For example if $100K is there, want to split between VTI and VXUS 50/50, do I trade to buy VTI and VXUS? Where do i specify i want to put $50K in VTI and $50K in VXUS? Is there an option after clicking the trade/buy button?
Appreciate your guidance.
Apr 18, 2015, 1:03 pm
#94
Join Date: Nov 2014
Location: NYC
Posts: 557
Thanks. I rolled over from 2 prior 401'K's and the money went to ME IRA through check deposit.
Now the money is in the Merril Edge roll over IRA as cash.
For example if $100K is there, want to split between VTI and VXUS 50/50, do I trade to buy VTI and VXUS? Where do i specify i want to put $50K in VTI and $50K in VXUS? Is there an option after clicking the trade/buy button?
Appreciate your guidance.
Now the money is in the Merril Edge roll over IRA as cash.
For example if $100K is there, want to split between VTI and VXUS 50/50, do I trade to buy VTI and VXUS? Where do i specify i want to put $50K in VTI and $50K in VXUS? Is there an option after clicking the trade/buy button?
Appreciate your guidance.
Then hit "Save Shares" and go back and hit preview order then submit order and you're done.
Last edited by NYCFlyer10001; Apr 18, 2015 at 1:03 pm Reason: resize img
Apr 19, 2015, 3:52 pm
#96
Join Date: Oct 2014
Posts: 76
You buy like any other stock. Go to Trade > Stock/ETF (https://olui2.fs.ml.com/Equities/OrderEntry.aspx). Then pick buy, enter the symbol, and click "Calculate by $ amount" and type in the amount, then click "Update shares" which will tell you how many shares that is:
Then hit "Save Shares" and go back and hit preview order then submit order and you're done.
Then hit "Save Shares" and go back and hit preview order then submit order and you're done.
Very helpful for a newbie like me.
Will transact this week.
Apr 20, 2015, 11:11 am
#98
Join Date: Jun 1999
Location: NYC/LA
Programs: DL Plat, AA Plat Pro, Marriott Titanium, IHG Diamond Amb
Posts: 7,486
The images of the new card designs are up on BofA's website. Not that I usually care too much about a card's design, but I have to say I think they are a vast improvement ^
Apr 20, 2015, 11:52 am
#99
Join Date: Apr 2005
Location: SAN
Programs: AA Platinum, Bonvoy Gold, DL Gold
Posts: 1,198
I have to say I'm not unhappy with the designs, especially with other banks going to bizarre designs using stickers instead of embossing for your card number (Citi) and putting your info on the back (Citi and Chase).
Apr 20, 2015, 7:38 pm
#102
Join Date: Jun 1999
Location: NYC/LA
Programs: DL Plat, AA Plat Pro, Marriott Titanium, IHG Diamond Amb
Posts: 7,486
Apr 23, 2015, 5:43 pm
#104
Join Date: Oct 2014
Posts: 76
Mine is split between VTI and VXUS. I had to trade online to set up the investments, the trades are free and easy. I had to call a few times to deal with the rollover, but that was a complication based on the securities I was moving over. You need a checking account also. I am two months since opening the checking account and my "status" has not kicked in yet. Waiting for the third statement to cut.
Based on yours and few others feedback, I'm planning to start with these funds:
VTI 45
VOE 5
VBR 5
VXUS 20
ACWV 10
VEA 5
BND 5
BNDX 5
My questions are:
1)Should I wait for the market to go down in the next few days to start buying or do right away?
2)I'm assuming all these 4 ETF's are available in my Merrill Edge rollover IRA that i opened last week and has $100K transferred from my prior 401K.
3)Based on 1 can I just buy the ETF's and keep checking returns after every year? does it need rebalancing? If yes how frequently?
Last edited by quizzer25; Apr 23, 2015 at 11:07 pm
Apr 24, 2015, 10:35 pm
#105
Join Date: Jun 2012
Posts: 3,380
1)Should I wait for the market to go down in the next few days to start buying or do right away?
2)I'm assuming all these 4 ETF's are available in my Merrill Edge rollover IRA that i opened last week and has $100K transferred from my prior 401K.
3)Based on 1 can I just buy the ETF's and keep checking returns after every year? does it need rebalancing? If yes how frequently?
2)I'm assuming all these 4 ETF's are available in my Merrill Edge rollover IRA that i opened last week and has $100K transferred from my prior 401K.
3)Based on 1 can I just buy the ETF's and keep checking returns after every year? does it need rebalancing? If yes how frequently?
1) don't time the market... you can try Dollar Cost Averaging (DCA, i.e. put 10% every week, to minimize risk and get the best "average" cost), but some have said it's best to do lump sum investing. You are implicitly doing DCA anyways (100k this year, 10k every year for the next 20+years)
https://pressroom.vanguard.com/conte..._Averaging.pdf
2) seems like all the ETFs you listed are available at Merrill Edge. Do some research on the Edge... I've heard cases where people were bumped up to Merill Lynch when they had >250k in their Edge accounts, and don't qualify for the Edge benefits (free 100 trades/month)
3) Personal choice. I myself don't care enough to rebalance. anything more than monthly/quarterly is overkill. yearly is fine. try not to sell & rebuy(causing a taxable event) unless it's in a tax-shielded account or you want to harvest losses etc
Last edited by paperwastage; Apr 24, 2015 at 10:41 pm