You Invest by JP Morgan Chase

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
am
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Re: You Invest by JP Morgan Chase

Post by am » Wed Nov 14, 2018 10:12 pm

SlowMovingInvestor wrote:
Wed Nov 14, 2018 9:32 pm
am wrote:
Wed Nov 14, 2018 7:55 pm

I had no problem doing a partial transfer through the branch. It took less than a week. But the cost basis data is not available yet but it’s only been one day? Do they post it later?
With ACATS transfers, yes -- the cost basis data arrives in 2-3 days. But double check !
Ok, thanks. My etf wasn’t even out of the market for a minute with the transfer from vanguard to chase. So far have been pleased with how simple and free the chase platform is.

For years, I was reluctant to transfer anything out of my vanguard brokerage account. I felt loyal to vanguard. Now I wonder why? What difference does it make where my money sits. Especially when I get a premium checking account with chase. I’m looking for any new bonus opportunities now.

jmorgans
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Re: You Invest by JP Morgan Chase

Post by jmorgans » Thu Nov 15, 2018 8:23 am

fedfire wrote:
Wed Nov 14, 2018 9:50 pm
jmorgans wrote:
Mon Nov 12, 2018 2:20 pm
Can anyone confirm that $5000 in a Youinvest IRA counts as an investment balance for the purpose of getting their checking account monthly minimum and fee waived?
I moved my IRA over to Chase You Invest so that I could get the premier checking without having to hit certain requirements every month. I got conflicting answers when calling the You Invest support line so I went into my local branch and they were easily able to link it to my checking accounts. Haven't gotten any service charges since for my two checking accounts.
Great, thanks! This is the info I was looking for. We’re you able to transfer the IRA online? For me it is telling me to call them to make the transfer.

fedfire
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Re: You Invest by JP Morgan Chase

Post by fedfire » Thu Nov 15, 2018 8:42 am

jmorgans wrote:
Thu Nov 15, 2018 8:23 am
Great, thanks! This is the info I was looking for. We’re you able to transfer the IRA online? For me it is telling me to call them to make the transfer.
Yeah I was able to do an in-kind transfer from Fidelity online. It was surprisingly simple, I just filled out the online securities transfer form that's available here: https://www.chase.com/personal/investme ... rage-forms

It took a few days and then the funds showed up in my Chase IRA. Note, I did open the new IRA with Chase first, then initiated the transfer.

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SlowMovingInvestor
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Re: You Invest by JP Morgan Chase

Post by SlowMovingInvestor » Thu Nov 15, 2018 8:46 am

FYI -- Chase seems to have extended the closing date of the Sapphire Checking offer to mid Jan.

That makes life easier for me since I don't want to open that account until next year.

arf30
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Re: You Invest by JP Morgan Chase

Post by arf30 » Tue Nov 20, 2018 10:11 am

Anyone with a You Invest account still able to purchase Vanguard investor shares that were closed yesterday? VTSMX, etc

mongstradamus
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Re: You Invest by JP Morgan Chase

Post by mongstradamus » Tue Nov 20, 2018 12:09 pm

toto wrote:
Tue Oct 30, 2018 10:09 am
Here is the list of funds available on the platform: https://am.jpmorgan.com/blob-pbstudio/1 ... d_list.pdf.

Most, if not all, Vanguard money market funds are available (Vanguard Prime Money Market Inv, Vanguard Federal Money Market Inv, Vanguard Municipal Money Market Inv, Vanguard PA Municipal Money Market Inv, ...).
I did buy VMSXX (muni market) on You Invest.
I was perusing their site and was wondering what the 100 commission free etfs are ? I couldn’t find them on the site anywhere.

toto
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Re: You Invest by JP Morgan Chase

Post by toto » Tue Nov 20, 2018 11:07 pm

mongstradamus wrote:
Tue Nov 20, 2018 12:09 pm
I was perusing their site and was wondering what the 100 commission free etfs are ? I couldn’t find them on the site anywhere.
It's not 100 commission free ETFs but 100 commission free trades (stocks and etfs):

1. Standard account: 100 commission free trades
2. Chase Premier Plus Checking: 100 commission free trades per year
3. CPC and Chase Sapphire Banking: unlimited free trades per year

mongstradamus
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Re: You Invest by JP Morgan Chase

Post by mongstradamus » Wed Nov 21, 2018 3:50 am

toto wrote:
Tue Nov 20, 2018 11:07 pm
mongstradamus wrote:
Tue Nov 20, 2018 12:09 pm
I was perusing their site and was wondering what the 100 commission free etfs are ? I couldn’t find them on the site anywhere.
It's not 100 commission free ETFs but 100 commission free trades (stocks and etfs):

1. Standard account: 100 commission free trades
2. Chase Premier Plus Checking: 100 commission free trades per year
3. CPC and Chase Sapphire Banking: unlimited free trades per year
Thank you for that clarification guess i misunderstood

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Dead Man Walking
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Re: You Invest by JP Morgan Chase

Post by Dead Man Walking » Mon Nov 26, 2018 9:45 pm

Many posts have answered questions about the You Invest account offered by JP Morgan Chase. In a previous post I complained about speaking with a representative at an offshore call center. I didn't think that the representative knew what he was talking about. I was right about that!

I spoke with a representative at my local Chase branch today. She was not authorized to speak about You Invest accounts beyond helping a customer establish an account. Since I had established an account, she called the You Invest help line for me so that a knowledgeable representative could answer my questions. The representative to whom I spoke knew the answer to some of my questions, but he had to refer me to a fixed income specialist to answer questions about treasuries and CDs. Both of the reps with whom I spoke were US based and knew what I was asking about. The information below is what I learned from these guys:

I was unsure what the sweep account would be for the You Invest account. The sweep account is a Chase deposit account that pays 0.03% interest.

I wanted to know if I could buy treasuries at auction. (I had been told that I couldn't by the offshore rep.) The fixed income specialist informed me that I could purchase treasuries at auction; however, I had to call in my order at least the day before the auction. The funds did not have to be in my account until the settlement date. There is no commission charge when purchasing treasuries at auction.

The offshore rep told me that I couldn't buy CDs from the primary issuer. The fixed income specialist informed me that I could buy CDs from the primary issuer or on the secondary market. To purchase either required that the purchase be funded at the time of purchase.

The purchase of ETFs is the standard bid/ask process, and buying mutual funds is also standard. Both require the purchase to be funded at the time of purchase.

The assets in the You Invest account count toward the minimum amount needed to maintain a Premier account.

Of course, the bank rep explained the advantages of transferring $75,000 worth of assets from Vanguard to Chase. I was happy with the all of the people with whom I spoke. The personal banker explained that the number she called was the same number that I had called. All she did was verify that I was known Chase account holder before she handed the phone to me. She thought that the reason I spoke with US based representatives today was that the call was made during banking hours.

Hope this helps those interested in opening a You Invest account.

DMW

beachbum5011
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Re: You Invest by JP Morgan Chase

Post by beachbum5011 » Fri Jan 04, 2019 8:53 pm

Hoping for some clarification. My partner and I just opened a new joint Chase checking and savings account together, in order to take advantage of the checking and saving bonus offer ($600 total). We both have a sapphire card and received an offer for an additional 60K in points when opening an You Invest account with a 75K min balance. My question is has anyone been able to double dip with the $600 offer and the upgrade to $75k min with 60k points? We have been hearing mixed direction from Chase reps.

beachbum5011
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Re: You Invest by JP Morgan Chase

Post by beachbum5011 » Sun Jan 06, 2019 9:58 am

Does anyone know if You Invest has CD's???

cdu7
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Re: You Invest by JP Morgan Chase

Post by cdu7 » Sun Jan 06, 2019 11:51 am

beachbum5011 wrote:
Sun Jan 06, 2019 9:58 am
Does anyone know if You Invest has CD's???
Yes they have brokered CDs, Treasuries, Municipals and Vanguard Prime Money Market along with many other money market funds. All can be traded online, without needing human interaction.

beachbum5011
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Re: You Invest by JP Morgan Chase

Post by beachbum5011 » Sun Jan 06, 2019 11:53 am

Thank you!
cdu7 wrote:
Sun Jan 06, 2019 11:51 am
beachbum5011 wrote:
Sun Jan 06, 2019 9:58 am
Does anyone know if You Invest has CD's???
Yes they have brokered CDs, Treasuries, Municipals and Vanguard Prime Money Market along with many other money market funds. All can be traded online, without needing human interaction.

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SlowMovingInvestor
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Re: You Invest by JP Morgan Chase

Post by SlowMovingInvestor » Sun Jan 06, 2019 12:15 pm

cdu7 wrote:
Sun Jan 06, 2019 11:51 am
beachbum5011 wrote:
Sun Jan 06, 2019 9:58 am
Does anyone know if You Invest has CD's???
Yes they have brokered CDs, Treasuries, Municipals and Vanguard Prime Money Market along with many other money market funds. All can be traded online, without needing human interaction.
Do they allow you to buy Treasuries at auction without commission ?

How quick is transfer to a Chase account from(say) a Vanguard MM fund held at YouInvest ? If it's 1 day, that would certainly beat ACH.

sfinvestornoob
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Re: You Invest by JP Morgan Chase

Post by sfinvestornoob » Sun Jan 06, 2019 12:24 pm

SlowMovingInvestor wrote:
Sun Jan 06, 2019 12:15 pm
Do they allow you to buy Treasuries at auction without commission ?
You can’t currently buy at auction, only secondary. Haven’t had trouble getting good rates though.

beachbum5011
Posts: 31
Joined: Thu Apr 06, 2017 8:26 am

Re: You Invest by JP Morgan Chase

Post by beachbum5011 » Sun Jan 06, 2019 5:15 pm

Anyone with clarity?? I would greatly appreciate the help!
beachbum5011 wrote:
Fri Jan 04, 2019 8:53 pm
Hoping for some clarification. My partner and I just opened a new joint Chase checking and savings account together, in order to take advantage of the checking and saving bonus offer ($600 total). We both have a sapphire card and received an offer for an additional 60K in points when opening an You Invest account with a 75K min balance. My question is has anyone been able to double dip with the $600 offer and the upgrade to $75k min with 60k points? We have been hearing mixed direction from Chase reps.

02nz
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Re: You Invest by JP Morgan Chase

Post by 02nz » Sun Jan 06, 2019 5:28 pm

beachbum5011 wrote:
Sun Jan 06, 2019 5:15 pm
Anyone with clarity?? I would greatly appreciate the help!
beachbum5011 wrote:
Fri Jan 04, 2019 8:53 pm
Hoping for some clarification. My partner and I just opened a new joint Chase checking and savings account together, in order to take advantage of the checking and saving bonus offer ($600 total). We both have a sapphire card and received an offer for an additional 60K in points when opening an You Invest account with a 75K min balance. My question is has anyone been able to double dip with the $600 offer and the upgrade to $75k min with 60k points? We have been hearing mixed direction from Chase reps.
I'm going to upgrade my checking account (on which I got a bonus) using the 60K Sapphire Banking offer in the next week or so. The terms of the 60K offer say: "You can only participate in one Sapphire Checking, Chase Private Client Checking or You Invest new money bonus in a 12 month period. Coupon is good for one time use." There's no exclusion for having received a checking/saving bonus, so I don't see a problem. I will post back if the rep advises differently when I actually do the upgrade in branch.

arf30
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Re: You Invest by JP Morgan Chase

Post by arf30 » Sun Jan 06, 2019 6:09 pm

I wonder how risky it is to hold admiral funds here long term to get the checking account perks, since Chase or Vanguard can decide at any time to remove them, or Chase could decide only JP Morgan assets count towards the 75k min balance, etc.

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SlowMovingInvestor
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Re: You Invest by JP Morgan Chase

Post by SlowMovingInvestor » Mon Jan 07, 2019 12:10 pm

Can you get the Chase Sapphire banking bonus even if you open a new account rather than upgrade an existing account ?
Last edited by SlowMovingInvestor on Fri Feb 22, 2019 2:06 pm, edited 2 times in total.

sfinvestornoob
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Re: You Invest by JP Morgan Chase

Post by sfinvestornoob » Mon Jan 07, 2019 12:51 pm

sfinvestornoob wrote:
Sun Jan 06, 2019 12:24 pm
SlowMovingInvestor wrote:
Sun Jan 06, 2019 12:15 pm
Do they allow you to buy Treasuries at auction without commission ?
You can’t currently buy at auction, only secondary. Haven’t had trouble getting good rates though.
Apparently while you can buy them, you can’t currently sell treasury bills online, you have to call them.

hotpancakes
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Re: You Invest by JP Morgan Chase

Post by hotpancakes » Mon Jan 07, 2019 1:00 pm

sfinvestornoob wrote:
Mon Jan 07, 2019 12:51 pm
sfinvestornoob wrote:
Sun Jan 06, 2019 12:24 pm
SlowMovingInvestor wrote:
Sun Jan 06, 2019 12:15 pm
Do they allow you to buy Treasuries at auction without commission ?
You can’t currently buy at auction, only secondary. Haven’t had trouble getting good rates though.
Apparently while you can buy them, you can’t currently sell treasury bills online, you have to call them.
I have a You Invest account and I just sold T-Bills online last week.

sfinvestornoob
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Re: You Invest by JP Morgan Chase

Post by sfinvestornoob » Tue Jan 08, 2019 1:20 am

hotpancakes wrote:
Mon Jan 07, 2019 1:00 pm
sfinvestornoob wrote:
Mon Jan 07, 2019 12:51 pm
sfinvestornoob wrote:
Sun Jan 06, 2019 12:24 pm
SlowMovingInvestor wrote:
Sun Jan 06, 2019 12:15 pm
Do they allow you to buy Treasuries at auction without commission ?
You can’t currently buy at auction, only secondary. Haven’t had trouble getting good rates though.
Apparently while you can buy them, you can’t currently sell treasury bills online, you have to call them.
I have a You Invest account and I just sold T-Bills online last week.
Weird, I got an error message yesterday. Will try again! Thanks for letting me know!

elderwise
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Re: You Invest by JP Morgan Chase

Post by elderwise » Tue Jan 08, 2019 9:08 am

I recently opened one up to buy some individual GOLD stock :P...nothing big just play money.

Have not tried buying MF, or ETF's, i think 100 free trades is not bad.dont meet the requirements for PR for Merrill yet..

G-Force
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Re: You Invest by JP Morgan Chase

Post by G-Force » Tue Jan 08, 2019 11:19 pm

arf30 wrote:
Sun Jan 06, 2019 6:09 pm
I wonder how risky it is to hold admiral funds here long term to get the checking account perks, since Chase or Vanguard can decide at any time to remove them, or Chase could decide only JP Morgan assets count towards the 75k min balance, etc.
The last time I tried I was not able to purchase Admiral Shares. Has this changed with you invest accounts?

vudupulz
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Re: You Invest by JP Morgan Chase

Post by vudupulz » Fri Jan 11, 2019 11:25 am

I am not able to purchase vanguard money market funds through the mobile app . Has anyone recently been able to do so ?

arf30
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Re: You Invest by JP Morgan Chase

Post by arf30 » Fri Jan 11, 2019 11:56 am

G-Force wrote:
Tue Jan 08, 2019 11:19 pm
arf30 wrote:
Sun Jan 06, 2019 6:09 pm
I wonder how risky it is to hold admiral funds here long term to get the checking account perks, since Chase or Vanguard can decide at any time to remove them, or Chase could decide only JP Morgan assets count towards the 75k min balance, etc.
The last time I tried I was not able to purchase Admiral Shares. Has this changed with you invest accounts?
I believe so, but there are lots of conflicting posts about it. Don't want to bother signing up for an account until it's confirmed.

countdrak
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Re: You Invest by JP Morgan Chase

Post by countdrak » Fri Jan 11, 2019 12:55 pm

Has anyone transferred from a regular broker (TD) to You Invest? I have an account with 100 free trades but haven't really bothered using it. I only bank with Chase, so have my emergency fund in their savings, has anyone invested their savings via You Invest? What did you buy?

Thanks.

arf30
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Re: You Invest by JP Morgan Chase

Post by arf30 » Fri Jan 11, 2019 12:57 pm

countdrak wrote:
Fri Jan 11, 2019 12:55 pm
Has anyone transferred from a regular broker (TD) to You Invest? I have an account with 100 free trades but haven't really bothered using it. I only bank with Chase, so have my emergency fund in their savings, has anyone invested their savings via You Invest? What did you buy?

Thanks.
Look for TBills, VMMXX, VMMXX, VUSXX, or brokered CDs

countdrak
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Re: You Invest by JP Morgan Chase

Post by countdrak » Fri Jan 11, 2019 1:39 pm

arf30 wrote:
Fri Jan 11, 2019 12:57 pm
countdrak wrote:
Fri Jan 11, 2019 12:55 pm
Has anyone transferred from a regular broker (TD) to You Invest? I have an account with 100 free trades but haven't really bothered using it. I only bank with Chase, so have my emergency fund in their savings, has anyone invested their savings via You Invest? What did you buy?

Thanks.
Look for TBills, VMMXX, VMMXX, VUSXX, or brokered CDs
Thanks a ton!

confusedinvestor
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Re: You Invest by JP Morgan Chase

Post by confusedinvestor » Sat Jan 12, 2019 1:19 am

How is this better than BoA Platinum Preferred ?

I was debating this in my mind, so love to know your thoughts on this.
SlowMovingInvestor wrote:
Tue Oct 30, 2018 4:30 pm
That's not bad at all -- just for keeping $75K of ETFs with them. Actually better than BoA Platinum Preferred in some ways (although Merill Edge has better brokerage facilities).

confusedinvestor
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Re: You Invest by JP Morgan Chase

Post by confusedinvestor » Sat Jan 12, 2019 1:30 am

Folks,
I dont have any Chase credit cards

So Do I need to open a Chase Shappire Preffered Cards and Open a You Invest Account (and move 75K of ETFs) to get 60K bonus points ? or, Do i need to go to a local bank to do all this ?

newamericancorp
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Re: You Invest by JP Morgan Chase

Post by newamericancorp » Sat Jan 12, 2019 2:44 am

You can open a Chase You Invest account online at their website. I was able to open two accounts each with a 100 free trades.

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SlowMovingInvestor
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Re: You Invest by JP Morgan Chase

Post by SlowMovingInvestor » Sat Jan 12, 2019 8:23 am

confusedinvestor wrote:
Sat Jan 12, 2019 1:19 am
How is this better than BoA Platinum Preferred ?

I was debating this in my mind, so love to know your thoughts on this.
SlowMovingInvestor wrote:
Tue Oct 30, 2018 4:30 pm
That's not bad at all -- just for keeping $75K of ETFs with them. Actually better than BoA Platinum Preferred in some ways (although Merill Edge has better brokerage facilities).
I already have BoA Platinum Preferred, so it's not an either-or with me. But I was thinking primarily of no wire transfer fees. BoA Platinum Preferred only has no incoming wire transfer fees. Also, i think Chase's worldwide ATM network (which is free for Sapphire) is better than BoA's outside the US.

Although Chase does not have the equvalent of the 75% rewards for CCs that BoA does.

smalliebigs
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Re: You Invest by JP Morgan Chase

Post by smalliebigs » Sat Jan 12, 2019 9:10 am

confusedinvestor wrote:
Sat Jan 12, 2019 1:30 am
Folks,
I dont have any Chase credit cards

So Do I need to open a Chase Shappire Preffered Cards and Open a You Invest Account (and move 75K of ETFs) to get 60K bonus points ? or, Do i need to go to a local bank to do all this ?
No. Having a Sapphire card only allows you to get a 60k UR bonus. If you have questions, best to go to a local branch and double check.

arf30
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Re: You Invest by JP Morgan Chase

Post by arf30 » Sat Jan 12, 2019 9:46 am

confusedinvestor wrote:
Sat Jan 12, 2019 1:30 am
Folks,
I dont have any Chase credit cards

So Do I need to open a Chase Shappire Preffered Cards and Open a You Invest Account (and move 75K of ETFs) to get 60K bonus points ? or, Do i need to go to a local bank to do all this ?
The 60k points bonus is for the Sapphire checking account, which requires a Freedom or Sapphire card and 75k balance across any Chase accounts (including checking, savings and investment). There's a new $225 bonus for the investment account only that doesn't require any cards, just 25k of investments. You can only get one of these bonuses in a 12 month period.

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SlowMovingInvestor
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Re: You Invest by JP Morgan Chase

Post by SlowMovingInvestor » Sat Jan 12, 2019 1:19 pm

Questions for anyone with an active You Invest account

1) if you transferred securities in, did cost basis transfer properly ?

2) If youve done any sales, does You Invest allow specific lot sales ? One would assume so, since this is very basic, but just wanted to be sure.

3) Does the website have all the features of the App ? I prefer to avoid using Apps for investing unless absolutely needed.

It's probably too early to ask about 1099s being sent by You Invest.


Thanks !

martint
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Re: You Invest by JP Morgan Chase

Post by martint » Sat Jan 12, 2019 6:48 pm

SlowMovingInvestor wrote:
Sat Jan 12, 2019 1:19 pm
Questions for anyone with an active You Invest account

1) if you transferred securities in, did cost basis transfer properly ?

2) If youve done any sales, does You Invest allow specific lot sales ? One would assume so, since this is very basic, but just wanted to be sure.

3) Does the website have all the features of the App ? I prefer to avoid using Apps for investing unless absolutely needed.

It's probably too early to ask about 1099s being sent by You Invest.
1) Yes, it did. Important Note: they can only handle full account transfers online now. They will refund up to $75 in ACAT transfer out fees if the transfer amount is greater than $50k. Only one reimbursement per account. If you want to do a partial account transfer, it requires printed paperwork and a notary. PITA.

2) App says “We'll sell tax lots using the default account method of first in first out, to choose specific lots use Chase.com”. So I would assume yes, but I havent tried to be certain.

3) Website has more features. App is very basic. See #2. Overall, the look & feel of the App and website is pretty bare bones.

No 1099s yet.

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SlowMovingInvestor
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Re: You Invest by JP Morgan Chase

Post by SlowMovingInvestor » Sun Jan 13, 2019 1:54 pm

martint wrote:
Sat Jan 12, 2019 6:48 pm
SlowMovingInvestor wrote:
Sat Jan 12, 2019 1:19 pm
Questions for anyone with an active You Invest account

1) if you transferred securities in, did cost basis transfer properly ?

2) If youve done any sales, does You Invest allow specific lot sales ? One would assume so, since this is very basic, but just wanted to be sure.

3) Does the website have all the features of the App ? I prefer to avoid using Apps for investing unless absolutely needed.

It's probably too early to ask about 1099s being sent by You Invest.
1) Yes, it did. Important Note: they can only handle full account transfers online now. They will refund up to $75 in ACAT transfer out fees if the transfer amount is greater than $50k. Only one reimbursement per account. If you want to do a partial account transfer, it requires printed paperwork and a notary. PITA.

2) App says “We'll sell tax lots using the default account method of first in first out, to choose specific lots use Chase.com”. So I would assume yes, but I havent tried to be certain.

3) Website has more features. App is very basic. See #2. Overall, the look & feel of the App and website is pretty bare bones.

No 1099s yet.
Thanks, very helpful. I just opened an account, and the web site is indeed quite bare bones. I would have thought they might have more functionality in the app since it's intended to appeal to millenials, but apparently not.

The relative new vintage of this product is a slight negative -- I can well see bugs and glitches and missing functionality. I dont intend to trade much, but it would be annoying to have incorrect tax basis or incorect 1099s. OTOH, I suppose their back end might be using some of whatever infrastructure JP Morgan uses for it's High Net Worth clients.

ADDED: Playing around on the website, I got errors and confusing behavior several times. For instance, VMMXX (Vanguard Prime Money Market) -- can it actually be purchased or not ? It doesn't show up on their list when I search. Vanguard Treasury Money Market (VUSXX) does show up.

martint
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Re: You Invest by JP Morgan Chase

Post by martint » Sun Jan 13, 2019 6:42 pm

I didn’t look very hard, to be honest, but I didn’t see any Vanguard mutual funds when I looked. Obviously you can buy the ETFs. I’m mainly in for the free wires (incoming and outgoing), free ATM withdrawls, and 60k UR points. We’ll see if the brokerage improves enough to do any real trading there.

confusedinvestor
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Re: You Invest by JP Morgan Chase

Post by confusedinvestor » Mon Jan 14, 2019 12:24 am

For 60UR points, don't I have to have a Sapphire Credit Card ?

I don't have any Chase Credit Card now but, here is what I am planning to do:

1. Open Sapphire Checking Account with $0
2. Open You Invest Account and txfr Schwab account for 85K (10K extra so it doesn't fall below 75K) for 90 days.
3. Open Chase Sapphire Preferred Card for 50K UR points with 0$ Annual Fee and 4K mim-spend in 3 months (I can hit that) - Need to have a CC account for bonus UR points
4. Hopefully Chase will add 60UR points to My Credit card account so my total UR points will be 110K points (like 1.1K ?) which I guess I can either transfer to Hyatt or Southwest

Am I getting this right ? Any thoughts ?
martint wrote:
Sun Jan 13, 2019 6:42 pm
I didn’t look very hard, to be honest, but I didn’t see any Vanguard mutual funds when I looked. Obviously you can buy the ETFs. I’m mainly in for the free wires (incoming and outgoing), free ATM withdrawls, and 60k UR points. We’ll see if the brokerage improves enough to do any real trading there.

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SlowMovingInvestor
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Re: You Invest by JP Morgan Chase

Post by SlowMovingInvestor » Tue Jan 15, 2019 6:42 pm

Poking around You Invest, it seems like even the brokered CDs offered are actually traded CDs (i.e. they are not CDs being offered directly by the issuers), and have a commission to trade.

And the site layout is really clumsy. Frankly, I think I'll just put my money in a money market fund for the duration, and then close the Sapphire Checking account when the holding requirement is met. I'm just not confident that Chase has worked out all the kinks that Etrade, Fido, Schwab and Etrade have spent decades fixing. And if Chase doesn't use Gainskeeper for tax lot management (as many brokers do), that's another negative.

02nz
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Re: You Invest by JP Morgan Chase

Post by 02nz » Wed Jan 16, 2019 2:39 pm

martint wrote:
Sun Jan 13, 2019 6:42 pm
I didn’t look very hard, to be honest, but I didn’t see any Vanguard mutual funds when I looked. Obviously you can buy the ETFs. I’m mainly in for the free wires (incoming and outgoing), free ATM withdrawls, and 60k UR points. We’ll see if the brokerage improves enough to do any real trading there.
Did you try clicking under "Mutual funds" and searching "Vanguard"? I get a long list of funds, including some Admiral.

Beliavsky
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Joined: Sun Jun 29, 2014 10:21 am

Re: You Invest by JP Morgan Chase

Post by Beliavsky » Thu Jan 17, 2019 7:00 am

With a You Invest account, what research if any do you get from JPMorgan? I have a Merrill Edge account so that I can get research from Merrill Lynch.

tj
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Joined: Thu Dec 24, 2009 12:10 am

Re: You Invest by JP Morgan Chase

Post by tj » Mon Jan 21, 2019 2:56 pm

What hours do you need to place a trade in for a Vanguard mutual fund? I can't seem to get the quote page to work properly.

tj
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Joined: Thu Dec 24, 2009 12:10 am

Re: You Invest by JP Morgan Chase

Post by tj » Tue Jan 22, 2019 3:13 pm

Hmm the errors just seem to be on Vanguard Federal Money Market Fund, perhaps it can't be held at Chase.

LAguy818
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Re: You Invest by JP Morgan Chase

Post by LAguy818 » Tue Jan 22, 2019 6:21 pm

tj wrote:
Tue Jan 22, 2019 3:13 pm
Hmm the errors just seem to be on Vanguard Federal Money Market Fund, perhaps it can't be held at Chase.
I received the same errors, however was able to successfully buy and hold the Vanguard Federal Money Market Fund. Still get the error when I try to get fund info, but have no other issues holding them in the account.

Edit to add: I was able to buy the fund by typing the ticker directly into the order page.

tj
Posts: 2504
Joined: Thu Dec 24, 2009 12:10 am

Re: You Invest by JP Morgan Chase

Post by tj » Tue Jan 22, 2019 7:22 pm

LAguy818 wrote:
Tue Jan 22, 2019 6:21 pm
tj wrote:
Tue Jan 22, 2019 3:13 pm
Hmm the errors just seem to be on Vanguard Federal Money Market Fund, perhaps it can't be held at Chase.
I received the same errors, however was able to successfully buy and hold the Vanguard Federal Money Market Fund. Still get the error when I try to get fund info, but have no other issues holding them in the account.

Edit to add: I was able to buy the fund by typing the ticker directly into the order page.

I bought Prime Money Market instead.

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SlowMovingInvestor
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Re: You Invest by JP Morgan Chase

Post by SlowMovingInvestor » Tue Jan 22, 2019 8:50 pm

I've opened a regular YouInvest brokerage account. I exchanged some secure messages with a Chase rep about eligibility and he said that 'self directed retirement accounts do NOT qualify for the Sapphire points offer'

My account is not an IRA account. Is the rep just mistaken (quite possible) or is Chase really not allowing any self directed account to be counted for the purposes of this bonus ? The T&C for the offer says this

Within 45 calendar days, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or J.P. Morgan investment accounts (excluding Certificate of Deposit, insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts including but not limited to Traditional and Roth IRAs, Keogh, Simple IRAs, and 401(k) Plans).

I would think the definition of retirement is pretty clear, a regular brokerage account should not be considered retirement. I'll call Chase tomorrow to verify.

confusedinvestor
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Re: You Invest by JP Morgan Chase

Post by confusedinvestor » Sat Jan 26, 2019 1:30 am

Yes, please let us know once you talk to Chase

Today I applied for Chase Shapphire Preffered Card and did not get approved online - it says Decision Pending

So I guess I will not open You Invest yet until my credit card is approved ? b/c the bonus points will be under the Credit Card UR points ?
SlowMovingInvestor wrote:
Tue Jan 22, 2019 8:50 pm
I've opened a regular YouInvest brokerage account. I exchanged some secure messages with a Chase rep about eligibility and he said that 'self directed retirement accounts do NOT qualify for the Sapphire points offer'

My account is not an IRA account. Is the rep just mistaken (quite possible) or is Chase really not allowing any self directed account to be counted for the purposes of this bonus ? The T&C for the offer says this

Within 45 calendar days, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or J.P. Morgan investment accounts (excluding Certificate of Deposit, insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts including but not limited to Traditional and Roth IRAs, Keogh, Simple IRAs, and 401(k) Plans).

I would think the definition of retirement is pretty clear, a regular brokerage account should not be considered retirement. I'll call Chase tomorrow to verify.

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SlowMovingInvestor
Posts: 1279
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Re: You Invest by JP Morgan Chase

Post by SlowMovingInvestor » Sat Jan 26, 2019 9:17 am

confusedinvestor wrote:
Sat Jan 26, 2019 1:30 am
Yes, please let us know once you talk to Chase

Today I applied for Chase Shapphire Preffered Card and did not get approved online - it says Decision Pending

So I guess I will not open You Invest yet until my credit card is approved ? b/c the bonus points will be under the Credit Card UR points ?
SlowMovingInvestor wrote:
Tue Jan 22, 2019 8:50 pm
I've opened a regular YouInvest brokerage account. I exchanged some secure messages with a Chase rep about eligibility and he said that 'self directed retirement accounts do NOT qualify for the Sapphire points offer'

My account is not an IRA account. Is the rep just mistaken (quite possible) or is Chase really not allowing any self directed account to be counted for the purposes of this bonus ? The T&C for the offer says this

Within 45 calendar days, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or J.P. Morgan investment accounts (excluding Certificate of Deposit, insurance products; fixed and variable annuities; 529 College Savings Plans; any retirement accounts including but not limited to Traditional and Roth IRAs, Keogh, Simple IRAs, and 401(k) Plans).

I would think the definition of retirement is pretty clear, a regular brokerage account should not be considered retirement. I'll call Chase tomorrow to verify.
Followup -- I got a secure message back from Chase's message center saying I should call Chase Sapphire banking about the T&C of the offer. I did, and they said You Invest accounts were eligible. I guess whoever answers these secure messages is really not up on promos. Although they've generally been good in the past in responding to CC or bank queries, so I assumed it would get redirected properly.

You need a a Chase Sapphire or a Chase Freedom card to be eligible for the offer, so yes, you should wait.

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