I was browsing this thread and was wondering, for someone new to this, is there a good brokerage to start with that is easy to transfer to (with minimal headache), has a great bonus, and is able to hold admiral shares?
I was waiting for the Merrill Edge increased bonuses, but figured I may as well start elsewhere instead of waiting.
Did some research over the weekend and it seems the TD bonus of $1000 for 250k+ is the best currently for that dollar amount. Holding period is 12 months though. Or can do Merrill for $600 for 6 months and then switch to E-Trade for 6 months (another $600).
Do all 3 accept admiral shares ? I have Munis that do not have etf equivalents so need a place that will easily accept admiral. I won't be rebalancing for a year anyways so don't care for free trades. In the interim will rebalance with new money being added every few weeks.
I noticed the TD offer ends soon so thinking of just starting there.
Who knows if it will renew in the future or not. Merrill and E-Trade offers seem to be consistent (with other brokerages ).
I was also wondering if these bonuses are once per lifetime or one can do them over and over again. Read small print and didn't see anything about it being once per lifetime.
Update- just realized my Munis actually aren't admiral. So in theory can switch the admiral shares I have to ETFs. Prefer not to as I'm not planning on rebalancing anyways. I usually don't have time to trade during business hours and mutual funds are more peaceful for me. I like to set and forget my buy orders. With ETFs it's very easy to get sucked into the limit order game.
PS new money will either be invested in vg ETFs or investor shares until they break the admiral level. Haven't decided yet which. Will likely purchase them at VG whichever it is.