You Invest by JP Morgan Chase

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classicindexer
Posts: 24
Joined: Tue Apr 09, 2019 10:43 am

Re: You Invest by JP Morgan Chase

Post by classicindexer » Fri May 17, 2019 7:27 am

classicindexer wrote:
Tue May 14, 2019 3:46 pm
Cyanide123 wrote:
Tue May 14, 2019 1:07 pm
I talked to a customer service rep for Chase you invest. They told me that they have a periodic investment set up that recently started.

Does anyone else see this on the you invest "trade" page? Apparently next to order status there should be an option for periodic investments. I don't see it on my account, but the guy said it may be because my account is very new (set up a couple days ago).
I do not. My account is a taxable brokerage and I opened it about a month or so ago.
Periodic Investing is now showing up in the Trade area for me:
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ulladulla28
Posts: 47
Joined: Sat Jan 14, 2017 9:26 am

Re: You Invest by JP Morgan Chase

Post by ulladulla28 » Mon Jun 03, 2019 4:02 pm

Forgive me if this has been asked and answered, but what are the sweep options at YOUINVEST? Are there any CORE FDIC-insured positions similar to Fidelity?

Anyone know if assets transferred to Youinvest via IRA count towards the sapphire checking $75K minimum?

Or if they have fixed their ability to offer Spec ID cost basis in taxable?

I am trying to weigh Fidelity vs BOA/Merrill vs Chase as potential all-in-one homes. Chase is looking like a leader, but I wish they had an HSA like Fidelity and BOA!

classicindexer
Posts: 24
Joined: Tue Apr 09, 2019 10:43 am

Re: You Invest by JP Morgan Chase

Post by classicindexer » Mon Jun 03, 2019 7:44 pm

ulladulla28 wrote:
Mon Jun 03, 2019 4:02 pm
Forgive me if this has been asked and answered, but what are the sweep options at YOUINVEST? Are there any CORE FDIC-insured positions similar to Fidelity?

Anyone know if assets transferred to Youinvest via IRA count towards the sapphire checking $75K minimum?

Or if they have fixed their ability to offer Spec ID cost basis in taxable?

I am trying to weigh Fidelity vs BOA/Merrill vs Chase as potential all-in-one homes. Chase is looking like a leader, but I wish they had an HSA like Fidelity and BOA!
Sweep info: https://www.chase.com/personal/investme ... ons-yields

Not sure about the IRA being eligible for a linked relationship minimum. Have you called You Invest Customer Service? They were pretty helpful when I called before opening an account. My taxable joint brokerage account is linked to our Premier Plus checking for the $15K minimum.

I was told that new taxable brokerage accounts included Spec ID by default and for transferring an account it could take a few weeks for the Spec ID details to be transferred. I just recently bought shares of a Vanguard mutual fund and online it's showing average cost. I will have to contact them to find out if they are tracking actual cost and if they don't show it online to customers.

ulladulla28
Posts: 47
Joined: Sat Jan 14, 2017 9:26 am

Re: You Invest by JP Morgan Chase

Post by ulladulla28 » Wed Jun 05, 2019 5:17 pm

classicindexer wrote:
Mon Jun 03, 2019 7:44 pm
ulladulla28 wrote:
Mon Jun 03, 2019 4:02 pm
Forgive me if this has been asked and answered, but what are the sweep options at YOUINVEST? Are there any CORE FDIC-insured positions similar to Fidelity?

Anyone know if assets transferred to Youinvest via IRA count towards the sapphire checking $75K minimum?

Or if they have fixed their ability to offer Spec ID cost basis in taxable?

I am trying to weigh Fidelity vs BOA/Merrill vs Chase as potential all-in-one homes. Chase is looking like a leader, but I wish they had an HSA like Fidelity and BOA!
Sweep info: https://www.chase.com/personal/investme ... ons-yields

Not sure about the IRA being eligible for a linked relationship minimum. Have you called You Invest Customer Service? They were pretty helpful when I called before opening an account. My taxable joint brokerage account is linked to our Premier Plus checking for the $15K minimum.

I was told that new taxable brokerage accounts included Spec ID by default and for transferring an account it could take a few weeks for the Spec ID details to be transferred. I just recently bought shares of a Vanguard mutual fund and online it's showing average cost. I will have to contact them to find out if they are tracking actual cost and if they don't show it online to customers.
Thanks! I just bit the bullet for the new 60K UR Points deal. Will be transferring over a Vanguard Joint Brokerage. Because it is joint, they require paperwork to be completed and mailed in. Thus far, I have been impressed with customer service reps on the phone. Especially considering this is relatively new to them.

Only gripes thus far are the lack of an investment account aggregator, similar to Fidelity's Full View, and also it appears the min. to invest in Vanguard Funds is back up to $3K, albeit for admiral shares.

Hopefully they are able to transfer over the tax ID info. Will definitely consider Chase as an all-in-one home if it goes smoothly.

classicindexer
Posts: 24
Joined: Tue Apr 09, 2019 10:43 am

Re: You Invest by JP Morgan Chase

Post by classicindexer » Wed Jun 05, 2019 8:28 pm

Ahh I opened a joint brokerage without a transfer and it was all online (no paperwork). That stinks about the Vanguard Admiral shares moving to a $3k minimum initial. Oh well. Maybe they saw people like me just buying those mutual funds and not using my 100 free ETF trades. :)

I have not used Fidelity full view. I have retirement accounts with Vanguard so I have been using their Outside Investments feature to track the shares owned in other 401k retirement or HSA accounts (works best if the mutual funds have a ticker/symbol & I have to manually add/update the # of shares). One 401k has a fund w/o a ticker so that is tracked by dollar amount and has to always be manually updated. Right now I am using You Invest for non-retirement so I don't add shares from You Invest into my Vanguard view (retirement only).

Chase said tax lots for Specific ID should transfer, it can take a few weeks though.

ivk5
Posts: 684
Joined: Thu Sep 22, 2016 9:05 am

Re: You Invest by JP Morgan Chase

Post by ivk5 » Thu Jun 06, 2019 2:30 am

classicindexer wrote:
Wed Jun 05, 2019 8:28 pm
One 401k has a fund w/o a ticker so that is tracked by dollar amount and has to always be manually updated.
OT but my solution to that is to list the holding using a publicly available fund/ETF ticker tracking same index and an artificial share count to solve for $. Tracks very closely.

classicindexer
Posts: 24
Joined: Tue Apr 09, 2019 10:43 am

Re: You Invest by JP Morgan Chase

Post by classicindexer » Thu Jun 06, 2019 3:05 pm

ulladulla28 wrote:
Wed Jun 05, 2019 5:17 pm
Hopefully they are able to transfer over the tax ID info. Will definitely consider Chase as an all-in-one home if it goes smoothly.
I sent a secure message to Chase You Invest about tax lots SpecID and they said:

The default method for reporting cost basis is average.

We are able to change the cost reporting method from average cost to original cost. Unfortunately, the change will only apply to shares that are purchased after the change is made to the account. To update the account, please reply to this message and attach a letter of instruction listing each account you want updated and stating that the cost basis should be changed from average to original. The document must also be signed and dated.

ulladulla28
Posts: 47
Joined: Sat Jan 14, 2017 9:26 am

Re: You Invest by JP Morgan Chase

Post by ulladulla28 » Fri Jun 07, 2019 9:11 pm

classicindexer wrote:
Thu Jun 06, 2019 3:05 pm
I sent a secure message to Chase You Invest about tax lots SpecID and they said:

The default method for reporting cost basis is average.

We are able to change the cost reporting method from average cost to original cost. Unfortunately, the change will only apply to shares that are purchased after the change is made to the account. To update the account, please reply to this message and attach a letter of instruction listing each account you want updated and stating that the cost basis should be changed from average to original. The document must also be signed and dated.
Just did the same and uploaded letters, so we will see how that pans out. My transfer request form ended up getting stuck at the post office. After a couple of calls, they (Chase) must have sent some one to pick it up. Customer service has been pretty good thus far.

ulladulla28
Posts: 47
Joined: Sat Jan 14, 2017 9:26 am

Re: You Invest by JP Morgan Chase

Post by ulladulla28 » Tue Jun 11, 2019 11:47 am

Does anyone know whether money put into a vanguard money market within a Chase You Invest account will count towards the $75,000 requirement to earn the sapphire checking bonus?

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whodidntante
Posts: 5486
Joined: Thu Jan 21, 2016 11:11 pm

Re: You Invest by JP Morgan Chase

Post by whodidntante » Tue Jun 11, 2019 12:57 pm

ulladulla28 wrote:
Tue Jun 11, 2019 11:47 am
Does anyone know whether money put into a vanguard money market within a Chase You Invest account will count towards the $75,000 requirement to earn the sapphire checking bonus?
It would count.

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