Can I sell my shares of one stock and immediately purchase shares of another stock?

Article author
Alexander G.
  • Updated

Only new investments will go toward the purchase of a new stock in your Custom Portfolio. If you remove a stock from your portfolio, then the shares will be sold and sent to your linked primary checking account. Any stocks added to your portfolio will require a new investment — we'll use your new investment to purchase those shares. 

Selling stocks or ETFs may create a taxable event. If you have questions about your personal tax treatment, please consult a tax advisor.

Was this article helpful?

1 out of 2 found this helpful

Have more questions? Submit a request

Comments

0 comments

Article is closed for comments.