How do you guys structure your brokerage accounts? Just the admin piece of it - not stock selections.

I’m thinking about putting my yearly savings (~$200k) into a new brokerage account every year. This way I can easily see how much growth each year has and what will hit ST vs LT capital gains tax etc. All would be passive investing. Is that a good approach?

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That’s a lot of extra maintenance - and if you buy and hold you can get the same data from lots as they track that for you for tax reporting.

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In fidelity you can open as many sub accounts as you want. And you can still see the roll up amount in a single place. Performance is individual and aggressive. Very easy to manage.

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Just one.

I don’t understand why you’d want more than one brokerage account. The account should allow you to see performance over time. What you are describing sounds like a giant headache with no upside.

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Your brokerage account will show LT and ST gains. It will be straightforward on any brokerage platform.

I agree with what others are saying. That sounds like a lot of effort and hassle with no functional benefit. If you think it would be worthwhile and you don't mind all the extra work and headache, go for it.

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All 401k, IRAs in one broker platform. One account at another broker that I do automatic recurring investments weekly that I do rebalance at the end of the year. One brokerage account for day trading.

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Watch out for wash sales

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I usually split it by 401k, IRA, brokerage, 529, etc. I split it further based on goals. I have about 18 Fidelity accounts.

I have a big managed brokerage account with chase and a few other accounts of varies status (i.e. my wife has like 300k of stocks that im now allowed to touch). Also have an account with schwab in their Ai investing platform which I like b/c the fees are tiny

I have one for Canadian listed/ penny stocks. And another one US Dividend harvesting. Thinking about creating other one for Euro Listed for currency diversification.

I have two taxable brokerage accounts.

1) long term where I add 4k a month

2) play money for day trading

Used to be all Fidelity. Now have JPM, Citi, Vanguard, BoA for various incentives along the way.

Brokerage accounts are required by law to track the "tax lots" of shares, i.e. all the individual groups of shares you bought, when you bought them and at what price, and whether you still have them, for tax purposes. Many make it easy to see this information. E.g. Vanguard does.

So if you want to see a decade from now what happened to the shares of VXUS you bought back in 2026, you can. Even if they are in the same account as other shares of that fund from 2027-2035.

Shares resulting from dividend reinvestment would be mingled, it is true.

You could also build a spreadsheet that uses a calculation for the total return of particular tickets over various time periods.

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