03-30-2022, 09:00 PM
19yo with a 250k account. IBKR does not allow people under the age of 21 to sell cov
<!-- SC_OFF --><div class="md"><p>I’m based in Europe and my choice for a good broker is slim, there is E*trade but I didn’t like the platform as much as IBKR after getting it so I didn’t go through with my share transfer. </p> <p>Based on my current holdings which are all growth stocks, I calculated that I could be making between $2000-4000 a month by selling covered calls. </p> <p>Should I just wait it out or should I change broker? (I’ll turn 21 at the end of 2024) I like a lot IBKR and the only other alternative that I would feel comfortable with would probably be E*TRADE.</p> <p>PS I wouldn’t feel comfortable using a broker that’s locally connected to the government such as DEGIRO because I perform wash sales, which aren’t illegal in my country but that I want to keep on the low</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Intrepid-Buyer-8543"> /u/Intrepid-Buyer-8543 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/ts8d7z/19yo_with_a_250k_account_ibkr_does_not_allow/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/ts8d7z/19yo_with_a_250k_account_ibkr_does_not_allow/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I’m based in Europe and my choice for a good broker is slim, there is E*trade but I didn’t like the platform as much as IBKR after getting it so I didn’t go through with my share transfer. </p> <p>Based on my current holdings which are all growth stocks, I calculated that I could be making between $2000-4000 a month by selling covered calls. </p> <p>Should I just wait it out or should I change broker? (I’ll turn 21 at the end of 2024) I like a lot IBKR and the only other alternative that I would feel comfortable with would probably be E*TRADE.</p> <p>PS I wouldn’t feel comfortable using a broker that’s locally connected to the government such as DEGIRO because I perform wash sales, which aren’t illegal in my country but that I want to keep on the low</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Intrepid-Buyer-8543"> /u/Intrepid-Buyer-8543 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/ts8d7z/19yo_with_a_250k_account_ibkr_does_not_allow/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/ts8d7z/19yo_with_a_250k_account_ibkr_does_not_allow/">[comments]</a></span>Kind Regards R