I am wanting to sell out of 2 UITs and 4 mutual funds that I hold from my ex-advisor. All assets are now at Schwab and I am trying to slowly sell these off to keep putting money in my DIY 3 Fund Portfolio (Thanks, Bogleheads!). It will likely take me a couple years to fully get out of all of them due to cap gains.
How do I know which to sell off first? Assuming I have held them all for at least a year, do I look at: Expense Ratios and fees? How much money it frees up for the least cap gains? YTD return? Morningstar style box?
I don't presume anyone knows all of these funds or can predict the future so I am just wondering do I just make my best educated guess on which to get out of first?
These are the 4 MFs in my taxable account I am trying to sell:
Eventide Gilead A -- ETAGX -- ER 1.43% -- 60K market value -- $20K cap gains
Janus Henderson Global Life Sciences A -- JFNAX -- ER .98% -- 26K market value -- $6K cap gains
American Funds New Perspective C -- NPFCX -- ER 1.51% -- $47K market value -- $12K cap gains
JP Morgan Large Cap Growth -- OLGCX -- ER 1.44% -- 40K market value -- $15K cap gains
I also have 2 UITs that I could get out of with no penalty that I will have had for over a year. I'm tempted to let these go to termination dates though.
Advisors Asset Management Cornerstone (Large Cap Value) -- DIVAMX -- 44K market value -- neg$100 cap gains
First Trust Unit 10990 (52% Large Cap Growth C, 30% Large Cap Value, 10% Small Cap Growth) -- FWMSDX - $20K market value -- $5K cap gains
Any help or advice appreciated! If I sell MFs partially, I have set it up so they are sold Tax Lot Optimizer instead of FIFO (losses first, then long term gains then short term gains)
How do I know which to sell off first? Assuming I have held them all for at least a year, do I look at: Expense Ratios and fees? How much money it frees up for the least cap gains? YTD return? Morningstar style box?
I don't presume anyone knows all of these funds or can predict the future so I am just wondering do I just make my best educated guess on which to get out of first?
These are the 4 MFs in my taxable account I am trying to sell:
Eventide Gilead A -- ETAGX -- ER 1.43% -- 60K market value -- $20K cap gains
Janus Henderson Global Life Sciences A -- JFNAX -- ER .98% -- 26K market value -- $6K cap gains
American Funds New Perspective C -- NPFCX -- ER 1.51% -- $47K market value -- $12K cap gains
JP Morgan Large Cap Growth -- OLGCX -- ER 1.44% -- 40K market value -- $15K cap gains
I also have 2 UITs that I could get out of with no penalty that I will have had for over a year. I'm tempted to let these go to termination dates though.
Advisors Asset Management Cornerstone (Large Cap Value) -- DIVAMX -- 44K market value -- neg$100 cap gains
First Trust Unit 10990 (52% Large Cap Growth C, 30% Large Cap Value, 10% Small Cap Growth) -- FWMSDX - $20K market value -- $5K cap gains
Any help or advice appreciated! If I sell MFs partially, I have set it up so they are sold Tax Lot Optimizer instead of FIFO (losses first, then long term gains then short term gains)
Statistics: Posted by surfysurfysurfy — Sat Jun 29, 2024 5:57 pm — Replies 11 — Views 542