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- Posts: 6
- Joined: Fri Jan 24, 2020 11:01 pm
I'm executing an in-kind transfer from Vanguard to eTrade.
My understanding is that my mutual fund assets remain in market the entire time. Is there someone who can explain how the institutions actually pull this off? I'm just curious. Once the money leaves one institution, how does the money remain in market?
And is there any way to do a sanity check after the transfer is completed to ensure it worked properly?
- Posts: 8369
- Joined: Tue Jul 23, 2013 5:31 am
Your shares are never sold, unless you have a cash balance there is no "money" moving, the shares being held at one broker are just moved to another.
Look at the number of shares before and after the move.
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham
- Posts: 4498
- Joined: Fri Apr 03, 2015 6:58 am
+1. It is pretty seamless. Note that the cost basis may take a week more to transfer over. In any case, print a copy before the transfer...
- Posts: 2277
- Joined: Mon Sep 17, 2012 1:47 am
Save the statements and a screenshot of your portfolio summary, taking note especially of the total number of shares held in each position. Sometimes people get confused with in-kind transfers if they're looking at a dollar value because the share prices have fluctuated in the meantime. As long as you get the same number of shares at your destination account, you're good to go.
It's quite simple.