Hello,
I am not sure if I am overthinking this arrangement, appreciate your advice. Thanks in advance.
This is the first year I can afford taxable investments (after maxing out ALL tax sheltered investments this year, yeah!). I have two main investment account relationships (fidelity and schwab)
At fidelity I have all my retirement accounts (401k, ira), plus direct deposit from my day job, and bill pay for daily living expenses.
At schwab is where I manage my side hustle money (may be a couple hundred bucks a month), plus bills related to my side hustles.
I foresee investing about ~$1K investment per month from my day job and ~$100 -$500 max from my side hustle.
Right now I feel like keeping my day job extra at fidelity (buy Fidelity Total Market Index Fund FSTMX or FSTVX), and keeping my side hustle extra at schwab (buy Schwab Total Stock Market Index Fund SWTSX).
The only benefit I personally like is that I can look at the schwab account at anytime and see how much I earn from my side hustle for self bragging purpose. If they are comingled it's not that easy to tell...
Am I unnecessarily complicating things? The funds will eventually be used/ drawn down in an early retirement situation. I would like to understand any tax selling complication or annoyance factors from having 2 tiny investment accounts.
I appreciate your advice, thanks.