Cost of Selling Stocks over $1M
Dear all I am planning to sell around $1M of specific company stock to re-invest Ww index ETFs. My question is about cost of selling and buying. Should i try to transfer my stocks in Morgan Stanley/Fidelity to Interactive Brokers? Would selling and buyin cost wise be a loft of difference? Can you give me quantifiable example or any calculator? And last but least do you have any reccomendation for WW Index fund and the why? Thanks! Edit: I am not US citizen or resident. My question is not about tax, that i covered with tax expert with where i live. My question is simply with transaction cost.
You would rather risk a hefty fine following a suggestion in an anonymous forum over paying a few hundred bucks for a trustworthy suggestion from a reputable CPA?
tc and yoe
If you are in WA state , add 7% Contact Jeff Bezos for more info and options
diversification is not a word in your household
Discuss this in amzn slack or internal blind. You’d get suggestions
You’d pay 13% in capital gains tax .
You'll be paying capital gains taxes regardless - not sure transferring the stock makes any difference.
Probably diversify some into cash value life insurance. DM for more info.
Talk to CPA man. Pay 200 for 30mins convo and get the best stratgy. Don't be stingy. And don't follow any advice given here.