Can I add my mutual funds and stocks into MarketRiders?
No. We do not “convert” your current portfolio of mutual funds and stocks to ETFs, nor did we build the capability for you to enter these positions into our system. This is because we follow a strict methodology that ensures your portfolio has precise allocations to the specific asset classes that are best for you. We can’t achieve the necessary precision with mutual funds and stocks – only with ETFs. In addition, as your positions move away from their targets, we send you rebalancing instructions. Mixing mutual funds and stocks into a portfolio prevents us from delivering rebalancing instructions. We don’t want to sound inflexible, but if you want to take advantage of our methodology and easy-to-use software, we require that you invest in an all-ETF portfolio.
Related Questions
- Is coverage for Series 6(mutual funds) and Financial Products(mutual funds, stocks/bonds, unit investment trusts, and limited partnerships) available under this program?
- can stocks and mutual funds and money in impound account count as cash reserve for refinancing.?
- What are stocks, bonds and mutual funds?
