Why so many brokerage accounts?

[AndhraneedSCS]

I have heard some people talking about brokerage account for each individual in the family.

 

Any reason why people do that? Is it because their portfolios account value being too big? or for any tax reasons?

 

@Spartan, @Vaampire and @sri_india you thoughts would be appreciated.

 

 

[Piracy Raja]

to get free stocks

[Spartan]

Company ESPP plan to okati

401k to okati

wife Peru meeda IRA okati

sonta playground ki okati 

this is the trend I see

[Vaampire]

I have 4. One for company rsus. 2 for long term stocks, another for day trading. 
 

long term 2 accounts lo okkati wifey peru meedha undi.

 

i use separate accounts for day trading and long term because it would be easy to understand profit/loss on day trades

[yemdoing]

21 minutes ago, Spartan said:

Company ESPP plan to okati

401k to okati

wife Peru meeda IRA okati

sonta playground ki okati 

this is the trend I see

any advantage to have IRA on wife's name ?

[Galactus]

Have 3 , one for trading (long term , short term holds) , one for ETFs and another one for high risk..

[Spartan]

18 minutes ago, yemdoing said:

any advantage to have IRA on wife's name ?

Manam 401 and IRA rendu cheyalem only one 

wife work chestu no 401k matching aite IRA is better