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Too many accounts!

January 26th, 2012 at 08:16 pm

I have too many brokerage accounts. There. I've said it. Now I suppose I have to do something about it.
At least get them organized.

I got my history from my 4 investment accounts with USAA, they uploaded back from 2007 to the document area and I printed them out and put them in folders labeled. I have a joint brokerage (with k), a traditional ira, a roth ira, and a sep ira. And a mutual fund that was cashed in this year. I sold stock too, but it looks like I sold some at a loss to make the total gain only a few hundred. So that won't add to my tax burden. I have a lot of cash in these accounts that need to be invested, when I have time to think about what to invest in. I rolled over an IRA. I invested about half in July and made $3707 or 15.89%. That includes the NDN that was sold.


I also have 2 first trade accounts that I have had for a while. I used to do a bit of day trading and quicker investments, during the 90s. I took most of the earnings out, but never sold any of the stocks that lost money, so I have some bizarre things going on. I have a few stocks without symbols I can't trade. and a few work 0.004 or 0.002 or 1.46.
Of value:
8 shares of ARET for $9.28
235 shares of GERON for $488.80
and $2167.88 cash.

My 99 cent only store (NDN) stock sold 1/17/2112, 99 shares for 2178. I will need to declare than next year.

I have a ROTH IRA account with First Trade it has 488 shares of GERN for $1015. And about $5 in the cash account.

I have an ING brokerage account. I set it up with automatic investments coming from the business account and buying NDN stock. The stock buying was automatic too. The stock I had got sold for about $7300 and I transferred that back to the business to pay a credit card. The business is increasing stock and has a bit of debt. I am going to have to pay tax on the stock sale next year.

I used to have an etrade brokerage account. I'm going to continue to ignore it. Its probably gone.

The only IRA I can add to is the SEP IRA, and I think only if the business makes profit. I make too much income to add to an IRA. I am putting money away through one of my incomes, which I also need to organize. I just started this year, I think its about $4000/year. And I think its getting matched.

I also need to organize k's retirements, he has a few from a few jobs too. This will be the major project after taxes.

1 Responses to “Too many accounts!”

  1. snafu Says:

    Your money needs to work for you, so leaving cash sit in a brokerage a/c isn't a good idea. Perhaps consider a low MER Index MF until you decide your next step. We do automatic DCA [Dollar Cost Averaging] and it's been an effective 'coach potato' money maker.

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