How do you manage money across different 401k, IRA, Roth, brokerage (RH, fidelity, vanguard), HSA accounts? I spread out risk by keeping some money in different brokerages like Charles Schwab, vanguard, fidelity, Morgan Stanley and Robinhood but I find it difficult to maintain all of them, any tips?
What do you mean by “spreading out”? Unless you are referring to savings accounts which are protected by FDIC for up to 250k, all stocks/mutual funds are subject to market risk :)
You can monitor with personal capital if you want to look on a regular basis. Personally I use all index funds. Check on them 4x a year and rebalance as needed. It’s not much work unless you’re trying to actively manage. Can you expand on spreading out risk? Unless you’re referring to the $250k FDIC insurance im not really tracking.
You can consolidate into a single brokerage. Typically, you can get the brokerage you are transferring to to pay for any fee that you may accrue.
I like personal capital for a view of all assets and debt But just accounts - Schwab (my checking, savings, and IRA) connects to all my other accounts except 401k, I can see everything
close your robinhood account
Apes strong together
No, I more than doubled RH with NVDA and TSLA. That’s my best performing brokerage lol