Hi,
I am looking for some guidance to simplify my portfolio.
A few months ago, I released my FAs. I have consolidated my accounts. The FAs performed well over the last several years which caused me much happiness and now some next steps confusion.
My goal is to have a very simple 3-5 ETF fund lazy portfolio. I have become a believer that will work for me. I like the idea of taking vacation on their fees.
But here is my (good) dilemma. In my one and only taxable account, I have about 40 large cap stocks that have achieved significant gains over the last few successful years. Obviously, some have better gains than others.
The tax hit for selling them would be significant. At the same time, they continue, as a group, to perform well. They include Google, Home Depot, and others. The FA basically built a select large cap fund.
I do not use the investments in this fund for day to day living, nor do I plan too. So, I have some flexibility.
My Fidelity reps suggestion was to review their Fidelity® Tax-Managed U.S. Equity Index Strategy. So, that puts me in another .6+ managed fund. It would allow me to move some/all to the fund in-kind.
There would still be a tax hit since they would need to sell some , to fit into their portfolio strategy. We did not get much further than that. ( i realize that this is a delay tactic as one day I (or someone) will need to sell).
I could hold onto them but I am not sure I know how to manage them. Meaning, when to hold them, when to fold them. But, if there was a method to do that, I am wide open.
I am looking for ideas and experiences? Let me know if there are too many blanks for a reasonable response.
Thanks
I am looking for some guidance to simplify my portfolio.
A few months ago, I released my FAs. I have consolidated my accounts. The FAs performed well over the last several years which caused me much happiness and now some next steps confusion.
My goal is to have a very simple 3-5 ETF fund lazy portfolio. I have become a believer that will work for me. I like the idea of taking vacation on their fees.
But here is my (good) dilemma. In my one and only taxable account, I have about 40 large cap stocks that have achieved significant gains over the last few successful years. Obviously, some have better gains than others.
The tax hit for selling them would be significant. At the same time, they continue, as a group, to perform well. They include Google, Home Depot, and others. The FA basically built a select large cap fund.
I do not use the investments in this fund for day to day living, nor do I plan too. So, I have some flexibility.
My Fidelity reps suggestion was to review their Fidelity® Tax-Managed U.S. Equity Index Strategy. So, that puts me in another .6+ managed fund. It would allow me to move some/all to the fund in-kind.
There would still be a tax hit since they would need to sell some , to fit into their portfolio strategy. We did not get much further than that. ( i realize that this is a delay tactic as one day I (or someone) will need to sell).
I could hold onto them but I am not sure I know how to manage them. Meaning, when to hold them, when to fold them. But, if there was a method to do that, I am wide open.
I am looking for ideas and experiences? Let me know if there are too many blanks for a reasonable response.
Thanks