I don’t like having cash sitting in any brokerage account ,, so I either add to one of my good div stocks , maybe open a new position in something I found or transfer it to one on my higher interest money market accounts AKA : bucket accounts ! I use different brokerage account for different asset types with a mix of smaller holding amount of div. Stocks and ETF’s for a cash boost or div payraise .. one for mutual funds , another for crypto etc .
plus is I also go for the special deals on opening accounts with brokers or transferring new money in .. Many deals that pay you free money to do so ! Same with some bank accounts .
Here is the name of a bank and a brokerage account I opened for a $250 bonus ( brokerage only ). AXOS BANK . They gave a $250 sign up bonus .. they required funding of $2000 , you had to make 2 trades and hold it for 90 days .. so I bought all div stocks, monthly paying high yield ETFS with the $2000 . That means I get dividends monthly and quarterly on the better stocks I bought .. go my $250 bonus .. I don’t do the auto reinvestment and take the cash which I transfer to my money market , checking and then maybe to my main brokerage accounts to add more to another stock asset ,, all depends on the cost basis of the asset I buy though .. I WANT TO LOWER MY COST BASIS !
plus is I also go for the special deals on opening accounts with brokers or transferring new money in .. Many deals that pay you free money to do so ! Same with some bank accounts .
Here is the name of a bank and a brokerage account I opened for a $250 bonus ( brokerage only ). AXOS BANK . They gave a $250 sign up bonus .. they required funding of $2000 , you had to make 2 trades and hold it for 90 days .. so I bought all div stocks, monthly paying high yield ETFS with the $2000 . That means I get dividends monthly and quarterly on the better stocks I bought .. go my $250 bonus .. I don’t do the auto reinvestment and take the cash which I transfer to my money market , checking and then maybe to my main brokerage accounts to add more to another stock asset ,, all depends on the cost basis of the asset I buy though .. I WANT TO LOWER MY COST BASIS !