- Joined
- Apr 14, 2006
- Messages
- 23,321
I retired last June and, because I will not be collecting social security until next year, this year we have the AGI room to engage in some tax maneuvering. I have a taxable account at Oakmark (OAKBX) and calculated that if I sold and immediately repurchased the fund, I could recognize capital gains at a 0% tax rate and reset the basis in the shares. So I called Oakmark customer service to effect my plan.
Sadly, they cannot do something that simple. I have to sell the fund, have the cash sent to my local bank account and then repurchase the fund. There will necessarily be a few days delay between buying and selling while the money moves back and forth. Even worse, I can only sell $100,000 per day, so I'll have to sell the rest tomorrow (good thing it's under $200k or it would take three days). Then, probably next Monday, I can buy back in. Such a pain for something that should be so simple.
I'm considering just sending all the money to Vanguard instead and buying VWELX.
Sadly, they cannot do something that simple. I have to sell the fund, have the cash sent to my local bank account and then repurchase the fund. There will necessarily be a few days delay between buying and selling while the money moves back and forth. Even worse, I can only sell $100,000 per day, so I'll have to sell the rest tomorrow (good thing it's under $200k or it would take three days). Then, probably next Monday, I can buy back in. Such a pain for something that should be so simple.
I'm considering just sending all the money to Vanguard instead and buying VWELX.