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@Remedios wrote:
@Anonymous wrote:Ok. I will try to transfer E-trade stocks to ML.
Without getting into validity of suggestion, I would not make any important financial decision based on a single suggestion on a message board.
This. I wouldn't recommend a change in brokerage firms either solely based upon a few postings I read on a message board.
If you're interested in going down this path you might want to see if there is a local BoA branch that either has a full time on-prem Merrill Financial Advisor or can schedule an in-branch appointment with a roaming FA.
@coldfusion wrote:
@Remedios wrote:
@Anonymous wrote:Ok. I will try to transfer E-trade stocks to ML.
Without getting into validity of suggestion, I would not make any important financial decision based on a single suggestion on a message board.
This. I wouldn't recommend a change in brokerage firms either solely based upon a few postings I read on a message board.
If you're interested in going down this path you might want to see if there is a local BoA branch that either has a full time on-prem Merrill Financial Advisor or can schedule an in-branch appointment with a roaming FA.
Honestly, take this a step further/back depending on how you look at it and talk to your own accountant/FA on this with the kind of wealth being talked about here. I cannot even imagine them supporting a decision like this without talking to them first about it.
@Saleen099 wrote:Why?
Why not?
We don't judge those who come here, asking what is possible after they have a BK or a list of Lates and Collections as long as your arm. We provide / share / discuss answers as to what is possible.
Same situation here. Some of us are wondering what the upper bound is for credit limits. Understanding some of the possibilities is part of our growth in understanding the credit world.
I know I am learning from this thread.
@simplynoir wrote:
@coldfusion wrote:
@Remedios wrote:
@Anonymous wrote:Ok. I will try to transfer E-trade stocks to ML.
Without getting into validity of suggestion, I would not make any important financial decision based on a single suggestion on a message board.
This. I wouldn't recommend a change in brokerage firms either solely based upon a few postings I read on a message board.
If you're interested in going down this path you might want to see if there is a local BoA branch that either has a full time on-prem Merrill Financial Advisor or can schedule an in-branch appointment with a roaming FA.
Honestly, take this a step further/back depending on how you look at it and talk to your own accountant/FA on this with the kind of wealth being talked about here. I cannot even imagine them supporting a decision like this without talking to them first about it.
It is possible for an investor to have a good enough understanding of the markets to be self-directed in investments. I count myself as one of those. The location where the stocks / investments are held, in a self-directed situation, does not depend on an accountant or finanicial advisor. Most people do need that, but if OP feels that a change of some stocks / funds from one broker to another is appropriate, we aren't here to judge that.
Given the implied value of those investments, I'd not worry too much about the OP's ability to make financial choices.
@NRB525 wrote:
@simplynoir wrote:
@coldfusion wrote:
@Remedios wrote:
@Anonymous wrote:Ok. I will try to transfer E-trade stocks to ML.
Without getting into validity of suggestion, I would not make any important financial decision based on a single suggestion on a message board.
This. I wouldn't recommend a change in brokerage firms either solely based upon a few postings I read on a message board.
If you're interested in going down this path you might want to see if there is a local BoA branch that either has a full time on-prem Merrill Financial Advisor or can schedule an in-branch appointment with a roaming FA.
Honestly, take this a step further/back depending on how you look at it and talk to your own accountant/FA on this with the kind of wealth being talked about here. I cannot even imagine them supporting a decision like this without talking to them first about it.
It is possible for an investor to have a good enough understanding of the markets to be self-directed in investments. I count myself as one of those. The location where the stocks / investments are held, in a self-directed situation, does not depend on an accountant or finanicial advisor. Most people do need that, but if OP feels that a change of some stocks / funds from one broker to another is appropriate, we aren't here to judge that.
Given the implied value of those investments, I'd not worry too much about the OP's ability to make financial choices.
OP literally typed Ok. I will try to transfer E-trade stocks to ML. 50 min after suggestion was made. Takes me longer to decide what to eat for breakfast.
That's not self directed, that's taking one opinion and running with it.
I am fairly certain your decision process would not be that lax.
@NRB525 wrote:
@Saleen099 wrote:Why?
Why not?
We don't judge those who come here, asking what is possible after they have a BK or a list of Lates and Collections as long as your arm. We provide / share / discuss answers as to what is possible.
Same situation here. Some of us are wondering what the upper bound is for credit limits. Understanding some of the possibilities is part of our growth in understanding the credit world.
I know I am learning from this thread.
You are probably one of the few that is learning from this. Most won't be able to apply this for themselves at all with the type of money being thrown around here. I agree sharing information is great but this won't help a lot of people except the true 1%.
@Trikoret wrote:
You never had any problems with BofA keeping those high balances?
There's nothing wrong with reporting a high balance as long as they show they can pay it off and based on the $78k payment on the second card I do not believe that to be an issue here.