Search found 3 matches

by jianglai
Tue Dec 17, 2019 9:55 am
Forum: Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 201
Views: 32161

Re: You Invest by JP Morgan Chase

I have been going back and forth with Chase both via secure messages and on the Phone regarding mutual fund cost basis for a while. Their reps' lack of knowledge in this regard is astonishing. One phone rep was able to repeat to me me all four tax lots that I supplied online, so they clearly had th...
by jianglai
Sat Dec 14, 2019 12:33 am
Forum: Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 201
Views: 32161

Re: You Invest by JP Morgan Chase

Yes, you can trade Vanguard mutual funds in YouInvest. It is quite convenient for keeping funds in VMMXX or other money market funds to maintain emergency fund in Chase with high yield. There is a problem of cost basis in YouInvest. They only offer average cost basis for mutual funds not SpecID, so...
by jianglai
Thu Dec 05, 2019 2:58 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 49
Views: 6690

Re: Chase YouInvest cost basis method

Called JPMorgan and the rep said that for mutual funds only average cost is supported because this is an IRS requirement. Is that true? I think other brokers supports SpecID for mutual funds just fine.