Transfer some assets to another broker ( 3 days make difference in the return?)

[frugal]

Hello!

What can be the impact of the transference of some ETF's from one broker to another, assuming that will take one week?

I think some days can make the difference in the year results.

I would like to transfer some gold and stock etf's. Without paying taxes because I still have some negative gold positions. I will add stocks + gold to give me ZERO profit.

Please give me your advice.

Thank you.

[Khisanth]

I don't think there needs to be any type of liquidation, unless it's related to 401k/IRA rollovers.

All the brokerages I've dealt with were able to transfer my securities in kind without it being a buy/sell transaction.

The only problems I've had were the cost-basis didn't get added at the new brokerage.

[Ad Orientem]

Hello!

What can be the impact of the transference of some ETF's from one broker to another, assuming that will take one week?

I think some days can make the difference in the year results.

I would like to transfer some gold and stock etf's. Without paying taxes because I still have some negative gold positions. I will add stocks + gold to give me ZERO profit.

Please give me your advice.

Thank you.

If it takes a week for your broker to migrate funds to another brokerage, something is wrong. But even so, I wouldn't lose that much sleep over it. In the PP we don't obsess about short term market movements. People who do should probably be in mostly cash.

[frugal]

Here I have to sell, make a wire transfer and buy again.

At least 3 days.

I continue to think that not having 20% of the total portfolio (10% stocks + 10% gold) working might change a lot the result.

The last days were very good for PP, imagine being out at these days and come back in the next negative days...

[KevinW]

It's just a cost of doing business. I think the best policy is to use stable, well established, maybe boring brokers so that you won't need to roll over accounts very often. In the USA that means using brokers like Vanguard, Schwab, or Fidelity, instead of chasing commissions with newbies like Robinhood, thinkorswim, and Zecco. If you do that, you should only need to transfer assets for major life events like marriages, inheritances, and switching jobs, and maybe once every 30 years if a major broker goes out of business. So transfers should happen maybe once every 5-10 years. In that case, being out of the market for about 3 business days while the funds move is not really a problem.

[barrett]

Here I have to sell, make a wire transfer and buy again.

At least 3 days.

I continue to think that not having 20% of the total portfolio (10% stocks + 10% gold) working might change a lot the result.

The last days were very good for PP, imagine being out at these days and come back in the next negative days...

Yeah, I understand what you are saying. When using an investment strategy that takes advantage of asset volatility, a lot of the yearly gains can come in a very short time. The PP has in fact been soaring since a rather poor showing in September. But maybe you'll be lucky and have that slice of money "in transit" when it is doing poorly for a few days.

Also, you are only talking about 20% of your portfolio. The impact either up or down of having that much money inactive is likely to be minimal.

[coinstar]

Here's what I would do and have done in similar situations where doing a 401k rollover required me to liquidate:

Perform the rollover/movement such that you don't move more than 25% of your portfolio at a time, if possible, and wherever you normally keep your cash, temporarily buy whatever asset you had to liquidate. So you continue having the PP during the rollover timeframe, but the cash portion is the cash that's being rolled over.

If that's not possible do the best you can to convert the assets you aren't rolling over to a mini-PP in itself excluding cash, for a 3-way split.

As a possible example, if you have a $100k portfolio and need to rollover $50k, then you liquidate $50k from whatever assets just so happen to be in the account your rolling over, and then from the other $50k, you do about $17k in gold, $17k in stocks, $17k in bonds. This way if one of the assets soars through the roof during the rollover period, you at least have it.