u/AdministrativeFile88

Currently in my taxable brokerage account, and I am investing in SGOV for future home mortgage down payment. SGOV takes up about 60% of the my taxable account portfolio. To actually check my investment portfolio distribution, I need to do extra math. I wonder if it's okay to open up another taxable account and just store SGOV there, for my convenience purposes.

My questions are:

  1. any negative downside of having two taxable accounts under Fidelity

  2. Can I transfer SGOV from one taxable account to another (if not, I wouldn't bother)

Thanks!

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u/AdministrativeFile88 — 6 days ago