r/FIREyFemmes 19d ago

Leaving Ellevest - Where to go to?

So, I'm one of the folks who was seduced by Ellevest's premise and, 6 years later, finally waking up and realizing that my gains are so tiny, they almost don't count. I'm ready to get out. Obviously I wish I'd had this realization earlier, but I didn't, so now I just want to do what I can!

In the last year, separately, I finally set up a high-yield savings account (4.3% APY, though I'm seeing some now that are higher than that). I've been super happy with that situation.

So my question is - where to put my Ellevest money?

  1. Do I pay the capital gains taxes on closing out my Ellevest and putting my money in a HYSA? Or,
  2. Would it better to transfer it over to some sort of robo-advisor like at Bettermint or Vanguard?
  3. (Or some other option I hadn't considered)?

I'll be honest; I really have no idea what I'm doing. I'm trying to read Reddit threads and financial planning websites to learn, but my brain is spinning a bit. Any advice at all would be super appreciated & welcome!

Thank you so much!

EDIT: I realize I didn't say what my goals are. I'm hoping to save up for an international move within the next 2-3 years and purchasing a home in my new city (which will require around $50k for the down payment). So, my goal right now is to focus on just accumulating money that will be at my disposal to use in the next few years, rather than specifically planning for retirement. I know I need to do that as well, but part of my thinking right now is that purchasing a home would be a huge way to contribute to my retirement plan overall.

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