Leaving LEICX

ferco · 12-25-2005, 09:14 AM

Have about 50K in LEICX. Has been there about 5-6 yrs. Want to transfer total to Vanguard Wellington. Don't need funds for 10 yrs...looking for stable 5-6% return over next 10 years. Also, is there a Wellington equivalent offered by TR Price or Fidelity. Should I do the transfer before or after the year end?

Spanky · 12-25-2005, 09:22 AM

If it is in your taxable account, wait until next year.

smooch · 12-25-2005, 03:27 PM

What is the reason to wait until next year?

Craig · 12-25-2005, 10:14 PM

Income / capital gains taxes. Sell on January 2, and you can effectively put off paying the taxes until April 2007, depending on your personal tax situations, etc., etc.

ats5g · 12-26-2005, 12:31 PM

Quote:

Originally Posted by ferco

Also, is there a Wellington equivalent offered by TR Price or Fidelity. Should I do the transfer before or after the year end?

Fidelity has Fidelity Balanced [FBALX]. T Rowe Price has TRP Capital Appreciation [PRWCX] and TRP Balanced [RPBAX].

- Alec

12-25-2005, 09:14 AM	#1
ferco Recycles dryer sheets Join Date: Sep 2004 Posts: 189	Leaving LEICX Have about 50K in LEICX. Has been there about 5-6 yrs. Want to transfer total to Vanguard Wellington. Don't need funds for 10 yrs...looking for stable 5-6% return over next 10 years. Also, is there a Wellington equivalent offered by TR Price or Fidelity. Should I do the transfer before or after the year end?

12-25-2005, 09:22 AM	#2
Spanky Thinks s/he gets paid by the post Join Date: Dec 2004 Location: Minneapolis Posts: 2,784	Re: Leaving LEICX If it is in your taxable account, wait until next year. __________________ May we live in peace and harmony and be free from all human sufferings.

12-25-2005, 03:27 PM	#3
smooch Recycles dryer sheets Join Date: Nov 2004 Posts: 123	Re: Leaving LEICX What is the reason to wait until next year?

12-25-2005, 10:14 PM	#4
Craig Full time employment: Posting here. Join Date: Dec 2004 Posts: 714	Re: Leaving LEICX Income / capital gains taxes. Sell on January 2, and you can effectively put off paying the taxes until April 2007, depending on your personal tax situations, etc., etc.

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