I own a few shares of Costco and General Electric that I bought through Share Builder, which was later acquired by Capital One. My total portfolio is about $5000.
Now Capital One is off-loading the shares to E-trade. I sold my partial shares like a good girl. (The alternative was Capital One would sell them by a certain date). Now I am wondering if I should transfer the full shares to Vanguard, where I already have retirement accounts.
I’m debating about doing that. I left etrade to consolidate all my banking on one page. Etrades banking is terrible, and I don’t really like their interface. So, I would transfer shares if I already had another account elsewhere.
I’m really unhappy about this move. It completely took away the only reason I invested (easy to get shares when I couldn’t buy whole shares), and I’m not sure how to get back on track. Price is also an issue.
Now I am wondering if I should transfer the full shares to Vanguard, where I already have retirement accounts.
Definitely. When you add up the annual costs, the 'share builder' type accounts are expensive compared to Vanguard or Fidelity. You can open a taxable account at Vanguard and keep your shares there - and add to it whenever you want - or set up a payroll deduction to automatically add shares.