I have a couple of stocks in a moo moo account that I wanted to transfer to Fidelity but I just found out that it costs $75 for each stock to transfer. There's no way I'm going to pay that so my other option to move the stocks that I have in moo moo is to just sell them and rebuy them back in Fidelity.
The only stock I actually bought with moo moo was Amzn(the others were shares just given to me)when it was $111. I bought $1,000 worth. It's obviously down right now so I was curious if it's better for me to sell it now at a loss and get the tax break for next year or just wait for it to go back to what I bought it for and then sell it and rebuy it in Fidelity.
I want to have all of my investments with Fidelity so that's why I'm looking to close out my moo moo account. Any help would be appreciated. I just started investing last year so still learning. I apologize if this is the wrong forum to ask this and please direct me to the correct one if so.
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