Investment Goals - Using One Brokerage Acct to Save for Multiple Purposes
I am starting to get better at making my $ work for me. I am saving for multiple purposes (3 to be exact) - daughter's wedding, etc. I use savings goals - I'm a master at them. Recently I opened a brokerage acct to match each of my savings goals so when the goal reaches a few hundred I transfer it to Fidelity and buy more investments for that goal. So I have 3 brokerage accounts now. I'd rather have one and be able to allocate a certain number of shares to each purpose/goal. My trades and decision-making would be simpler vs buying and selling shares within 3 separate brokerage accounts. Not to mention if I wanted to buy an index fund with a minimum of $2,500 investment it would be easier of the $ were pooled into one account, etc. Any ideas out there?
This discussion has been closed.