Anonymous
Cost of switching from POEMS to TD Ameritrade
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Chris
25 Jul 2021
Owner and Writer at Tortoisemoney.com
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There's only 2 real ways to moving stocks from one broker to another. Transfer through your broker or sell and rebuy.
Well, for 10 counters that's only SGD535 (53.5 * 10). Before you say that's a lot, 535 is only about 0.0786% on a portfolio of ~680k SGD (500k USD).
Selling and rebuying will definitely incur a higher cost, not just from commissions, FX conversion and market movement.