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Looking for Rossman and PAB.

O

Orsorum

Lifer
I have a question for people who've done substantial investing throughout their lifetime. I currently have accounts with ING, BECU (Boeing Employees CU), and USAA Federal Savings Bank. I'm looking at opening up a brokerage account through USAA, but I have a few base questions.

Is there anything inherently wrong with diversifying accounts through separate institutions? I think USAA has all the features I want, but I don't know for sure - if, sometime down the line, I decide to open an account with Datek or through Treasury Direct (for savings bonds), is this considered a negative thing in any regards?

Do any of these accounts have an impact on my credit rating?



Yeah, that's right Rossman and PAB, I'm asking YOU.
 
Originally posted by: Praetor
Umm... they do have PMs enabled....
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rolleye.gif
The implication is that anyone with relevent advice can post in.
 
Originally posted by: Zakath15
I have a question for people who've done substantial investing throughout their lifetime. I currently have accounts with ING, BECU (Boeing Employees CU), and USAA Federal Savings Bank. I'm looking at opening up a brokerage account through USAA, but I have a few base questions.

Is there anything inherently wrong with diversifying accounts through separate institutions? I think USAA has all the features I want, but I don't know for sure - if, sometime down the line, I decide to open an account with Datek or through Treasury Direct (for savings bonds), is this considered a negative thing in any regards?

By diversifying I will assume you mean having a growth fund, an income fund, etc., etc. If that is the case then I would say that, no it's not going to be a negative. Some things to consider would be what kind of fees you will be charged and if you save some money by having accounts in one place. The other consideration when doing this type of diversification is what is the management strategy of the fund company. With smaller fund companies you will see more overlap of fund management strategies than you will with a larger company, so even though you might have an aggressive growth fund and maybe a large cap fund, the management strategy may be influenced by the same people in a smaller company whereas in a larger company the management team is much more autonomous, giving you truer diversification.

Do any of these accounts have an impact on my credit rating?

I wouldn't see how except for their present value. Individual credit ratings are really just balancesheet calculations. Corporate credit ratings are figured with type of investment, quality of investment, availability of cash and other things taken into consideration.
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Dave

 
What you need is an investment expert which I am not, I'm a pro at spending but not investing.

Sorry wish I could help you out.
 
Originally posted by: RossMAN
What you need is an investment expert which I am not, I'm a pro at spending but not investing.

Sorry wish I could help you out.
Click to expand...

Rossman is a debt expert 😉
 
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