Buying Individuals Stocks In A Roth IRA?

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rattlenap
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Buying Individuals Stocks In A Roth IRA?

Post by rattlenap » Sun Apr 30, 2017 3:40 am

Just curios, but can you buy individuals stocks in a Roth IRA at Vanguard?

livesoft
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Re: Buying Individuals Stocks In A Roth IRA?

Post by livesoft » Sun Apr 30, 2017 4:38 am

Of course you can.
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wighty
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Re: Buying Individuals Stocks In A Roth IRA?

Post by wighty » Mon May 01, 2017 10:43 pm

livesoft wrote:Of course you can.
What? I haven't done much managing with my Roth but I was under the impression that I could not. Well then.

dopamineagonist
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Re: Buying Individuals Stocks In A Roth IRA?

Post by dopamineagonist » Mon May 01, 2017 10:51 pm

Yea you can I bought MasterCard one year and it worked out nicely

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Tamarind
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Re: Buying Individuals Stocks In A Roth IRA?

Post by Tamarind » Tue May 02, 2017 6:55 am

Yes, provided you've got the brokerage account version at Vanguard. If you've had the Roth a long time you might have to hit the upgrade button.

I haven't done this at Vanguard as I quit messing with individual stocks but at TDAmeritrade where I used to hold my Roth I initially had nothing else.

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BL
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Re: Buying Individuals Stocks In A Roth IRA?

Post by BL » Tue May 02, 2017 7:29 am

Yes, but why would you?
As mentioned, you would have to have a brokerage account or update.

gundlached
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Re: Buying Individuals Stocks In A Roth IRA?

Post by gundlached » Tue May 02, 2017 8:18 am

"Your scientists were so preoccupied with whether or not they could, they didn’t stop to think if they should."
-Jurassic Park

TBillT
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Re: Buying Individuals Stocks In A Roth IRA?

Post by TBillT » Tue May 02, 2017 9:06 am

I have my brokerage account in Fidelity, but of course you can buy anything you want: ETFs , stocks , bonds, mutual funds, brokerage CD's, etc. I do a lot of bonds over the years.

mikeyzito22
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Re: Buying Individuals Stocks In A Roth IRA?

Post by mikeyzito22 » Thu Aug 09, 2018 5:01 pm

Tamarind wrote:
Tue May 02, 2017 6:55 am
Yes, provided you've got the brokerage account version at Vanguard. If you've had the Roth a long time you might have to hit the upgrade button.

I haven't done this at Vanguard as I quit messing with individual stocks but at TDAmeritrade where I used to hold my Roth I initially had nothing else.
There is no upgrade needed. I simply bought TSLA in a Roth and sold it in a Roth. No capital gains, no taxes due. Everything goes back to the settlement account. THIS is why buying an individual stock (although it isn't BG friendly) can easily be done in a Roth and cashed back to your settlement account, giving you a non-taxable and possibly nice gain in funds you can transfer into anything else you would want in the Roth. There is no need for a brokerage account or "upgrade" to anything unless it is some employer-sponsored plan. Even then, why not add it yourself instead of your employer, in which its already taxed? If I'm off base please share.

aristotelian
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Re: Buying Individuals Stocks In A Roth IRA?

Post by aristotelian » Thu Aug 09, 2018 5:55 pm

Yes you can. My Roth is $50k less than my wife's due to some poor picks before I discovered index funds. I prefer to keep my play money in a brokerage account now so I can at least harvest the losses and I don't do anything stupid with my precious Roth space.

gostars
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Re: Buying Individuals Stocks In A Roth IRA?

Post by gostars » Thu Aug 09, 2018 11:52 pm

mikeyzito22 wrote:
Thu Aug 09, 2018 5:01 pm
Tamarind wrote:
Tue May 02, 2017 6:55 am
Yes, provided you've got the brokerage account version at Vanguard. If you've had the Roth a long time you might have to hit the upgrade button.

I haven't done this at Vanguard as I quit messing with individual stocks but at TDAmeritrade where I used to hold my Roth I initially had nothing else.
There is no upgrade needed. I simply bought TSLA in a Roth and sold it in a Roth. No capital gains, no taxes due. Everything goes back to the settlement account. THIS is why buying an individual stock (although it isn't BG friendly) can easily be done in a Roth and cashed back to your settlement account, giving you a non-taxable and possibly nice gain in funds you can transfer into anything else you would want in the Roth. There is no need for a brokerage account or "upgrade" to anything unless it is some employer-sponsored plan. Even then, why not add it yourself instead of your employer, in which its already taxed? If I'm off base please share.
Vanguard has some accounts that are mutual fund only and need to be upgraded to brokerage accounts in order to be able to buy anything else. This is a one-way conversion, and it is no longer possible to open a new mutual fund only account. There are some limitations on the brokerage accounts that some people don't like and they refuse to convert as a result; search the forum for Vanguard brokerage upgrade for many threads on it.

mikeyzito22
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Re: Buying Individuals Stocks In A Roth IRA?

Post by mikeyzito22 » Fri Aug 10, 2018 12:17 am

gostars wrote:
Thu Aug 09, 2018 11:52 pm
mikeyzito22 wrote:
Thu Aug 09, 2018 5:01 pm
Tamarind wrote:
Tue May 02, 2017 6:55 am
Yes, provided you've got the brokerage account version at Vanguard. If you've had the Roth a long time you might have to hit the upgrade button.

I haven't done this at Vanguard as I quit messing with individual stocks but at TDAmeritrade where I used to hold my Roth I initially had nothing else.
There is no upgrade needed. I simply bought TSLA in a Roth and sold it in a Roth. No capital gains, no taxes due. Everything goes back to the settlement account. THIS is why buying an individual stock (although it isn't BG friendly) can easily be done in a Roth and cashed back to your settlement account, giving you a non-taxable and possibly nice gain in funds you can transfer into anything else you would want in the Roth. There is no need for a brokerage account or "upgrade" to anything unless it is some employer-sponsored plan. Even then, why not add it yourself instead of your employer, in which its already taxed? If I'm off base please share.
Vanguard has some accounts that are mutual fund only and need to be upgraded to brokerage accounts in order to be able to buy anything else. This is a one-way conversion, and it is no longer possible to open a new mutual fund only account. There are some limitations on the brokerage accounts that some people don't like and they refuse to convert as a result; search the forum for Vanguard brokerage upgrade for many threads on it.
Eeeeeeek! I would hate that I couldn't just open my own Roth without it being completely available to whatever Vanguard offers. I did this as a civilian, not as an employer plan. Thanks for the reference :)

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BL
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Re: Buying Individuals Stocks In A Roth IRA?

Post by BL » Fri Aug 10, 2018 9:19 am

I believe any new V investor gets a brokerage account where you can buy any type of stock, fund, or ETF. Just a comment as you shouldn't have a problem doing this.

I have the old-fashioned mutual fund accounts, so would have to adjust a bit if I wanted to broaden my investments. It would not be a major problem, AFAIK.

Dottie57
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Re: Buying Individuals Stocks In A Roth IRA?

Post by Dottie57 » Fri Aug 10, 2018 9:54 am

aristotelian wrote:
Thu Aug 09, 2018 5:55 pm
Yes you can. My Roth is $50k less than my wife's due to some poor picks before I discovered index funds. I prefer to keep my play money in a brokerage account now so I can at least harvest the losses and I don't do anything stupid with my precious Roth space.
This. Roth is for your future. Experiment in another type of account.

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