Leaving LEICX

[ferco]

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]

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

 

[smooch]

What is the reason to wait until next year?

 

[Craig]

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]

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