wallygator69
Recycles dryer sheets
- Joined
- Jan 27, 2006
- Messages
- 371
Hi Folks,
Thanks for the help so far....
You have convinced me to pull the trigger and officially dump my FA. Turns out I have a bunch of 3 star funds a couple of 2 and even a 1 star fund.
Problem is I have been in B shares for about 3-4 years. They convert to A shares in 5-6 years..
I have essentially $200k in not so good bond funds and $100k in not so good mutual funds.
If I sell them all the capital gain is about $15k. I can off set this already with Carryover losses...
Concern is I will probably take a 2% to 3% penalty for early withdrawl.
I am rationalizing that it makes sense to take the hit since at Vanguard I can get 1% lower expense ratio. Since they are mostly 3 star funds or less I should be able to find comparable funds with better performance at VG.
Am I missing anything in my reasoning?
Also I have 6 Funds that have been exremely good and are rated 4 or 5 star. The are the likes of Calamos, Oppenheimer, American Funds etc. Generalization here, but can these types of funds go smoothly into vanguard and be sold off without penalties? (I assume there will be transaction fees?)
Also, If I transfer the entire account to VG will I run into problems tracking (making sure) the B shares become A shares or does that info transfer with my shares?
Thanks again for the help.
Wally
Thanks for the help so far....
You have convinced me to pull the trigger and officially dump my FA. Turns out I have a bunch of 3 star funds a couple of 2 and even a 1 star fund.
Problem is I have been in B shares for about 3-4 years. They convert to A shares in 5-6 years..
I have essentially $200k in not so good bond funds and $100k in not so good mutual funds.
If I sell them all the capital gain is about $15k. I can off set this already with Carryover losses...
Concern is I will probably take a 2% to 3% penalty for early withdrawl.
I am rationalizing that it makes sense to take the hit since at Vanguard I can get 1% lower expense ratio. Since they are mostly 3 star funds or less I should be able to find comparable funds with better performance at VG.
Am I missing anything in my reasoning?
Also I have 6 Funds that have been exremely good and are rated 4 or 5 star. The are the likes of Calamos, Oppenheimer, American Funds etc. Generalization here, but can these types of funds go smoothly into vanguard and be sold off without penalties? (I assume there will be transaction fees?)
Also, If I transfer the entire account to VG will I run into problems tracking (making sure) the B shares become A shares or does that info transfer with my shares?
Thanks again for the help.
Wally