facebookShould I move my stocks from Tiger to TD Ameritrade? Or just use TD moving forward? - Seedly

Anonymous

22 Jan 2021

General Investing

Should I move my stocks from Tiger to TD Ameritrade? Or just use TD moving forward?

My TD account has finally been approved! Should I move my stocks from Tiger to TD? Or just use TD moving forward since it's cumbersome and/or expensive to transfer stocks over?

Discussion (4)

What are your thoughts?

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U can check is TDA will absorb the transfer cost or not.
Previously I transferred from FSM to TDA without any cost incurred.

Musyaffaq

19 Jan 2021

Business Studies Graduate at Ngee Ann Poly

Adding on to what Chris said, take note the time between you selling your positions on Tiger and buying on TD, it’s opportunity cost. What if that few days suddenly the market go up like 3%? Then you would lose this gains. (I know this cos it happened to me 😂)

So for me, if your positions quite small and you’re just holding for a long term, then maybe don’t need to transfer now. These few days market very volatile. Heart pain if you miss out on some gains. But if you really want to do it, have the mindset that “if it goes up, it’s okay will have more opportunity. Doing this is more important”. Having a goal and purpose will help reduce emotional stress 👍🏽

Chris

19 Jan 2021

Owner and Writer at Tortoisemoney.com

Honestly, if you don't mind, you can just leave it as it is. As far as I know, Tiger charges USD 100...

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