Has anyone transferred ESPP/vested RSU to Robinhood?

LinkedIn / Eng
G.Takapoto

Go to company page LinkedIn Eng

 G.Takapoto
Sep 11, 2018 5 Comments

Robinhood allows transferring stocks. What are the things I should consider before I can transfer ESPP or RSUs that have vested? (Can I?)

Is it a simple process without any tax implications?

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 TOP 5 Comments
  • Apple / Eng
    UuUuUui

    Go to company page Apple Eng

     UuUuUui
    You would lose information on cost basis, which will complicate your life quite a lot when you file tax. Why’d you want to do that? To avoid ~8 bucks trading fee? You could use Robinhood to do your personal stock investment but RSU and ESPP, you better leave them where they are now.
    Sep 11, 2018 3
    • Apple / Eng
      UuUuUui

      Go to company page Apple Eng

       UuUuUui
      Well calling people ignorant simply shows how a terrible person you are. It is uncalled for, Mr. angry old man. Sharing what you know would have made you a nice person but we all know you are just a jerk :)
      Sep 13, 2018
    • Apple / Eng
      UuUuUui

      Go to company page Apple Eng

       UuUuUui
      And you definitely fit the definition of jerk good for you old man
      Sep 13, 2018
  • Amazon
    rust

    Go to company page Amazon

    rust
    You will lose the ability to designate a beneficiary and if you die instead of all the money immediately going to your family it will get tied up in court for months and legal fees will eat a big chunk.
    Sep 12, 2018 0