My sister is panicking. She's also probably moving to Canada in a couple of years and Wealthfront wouldn't allow her to keep her account when she moves, so she can't hold on to her funds past then anyway. I don't want her to sell now and lock in the losses, so I was wondering if there's a way she can transfer the securities to my brokerage accounts (either Fidelity or Vanguard) without selling them. Either as gifts or in-kind transfers. I'd cash her out at current value and we'd figure out how she can get back her original principal too once the market recovers. Is this a bad idea? The sticking point is her pending move to Canada which would force the liquidation, maybe a year or two from now. I'm telling her to just hold, but this is her first market downturn.
I'm learning about ACAT transfers--is that what this would be? If anyone's done something like this and has a simple, straightforward way to do it, I'd love to hear it.
Submitted March 22, 2020 at 09:28PM by cellcultured https://ift.tt/2QCNBDb
