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Asking for quick thoughts-changing investments

October 9th, 2017 at 09:33 am

hi all

My investments are with an advisor charging 1%. I want to switch them back to save the advisor fee. I am up $19k in taxable investments and 2k in non taxable this year.

To sell everything for taxable would incur approx $4k in taxes. Anyway to avoid this that you see?

I would want to sell the funds that is in to simplify to a 3 fund or target date retirement fund model

Thoughts?

After I get all these properties paid off I will be SAVING more. I want to have more investments... up to this point although I have managed to save a lot most of my focus has been on getting these properties paid off and up to speed.

I think I would feel real good if I had $700k... will take some time..

and I am really considering staying at this high dollar job through the end of next year... especially if I can get some hours.

We will see.

Rachael

6 Responses to “Asking for quick thoughts-changing investments”

  1. LivingAlmostLarge Says:

    Whats the returns with the advisor?

  2. Rachael777 Says:

    Averaging 11% year to date. The potential Vanguard funds I would have gone for would have returned 15% year to date. I only switched to the adviser though I believe in Feb

  3. PatientSaver Says:

    A while back I switched most of my investments from T. Rowe Price, who I'd been with for years, to Vanguard, due to Vanguard's lower annual expense fees. The only thing I didn't transfer over was 2 taxable accounts becus like you, i didn't want to pay the taxes on the exchange. Maybe some day.

  4. Rachael777 Says:

    I am thinking of switching anyway if the research shows the 3 fund model works better than advisors (taking their fee into account). I only have $194k. many of you havve much more but the 4% point difference in just 1 year is $7760 so paying taxes now will more than pay for itself over time. It also allows me more control and ability to drip in small amounts when I can

  5. Rachael777 Says:

    I just tallied and i have paid $1768 in advisor fees on the taxable accounts (does not include non taxable accounts) this year.. so the performance was not bad but it appears I can do the same or better on my own and save the advisor fee so I think I will sell and move it. Last call is to my accountant to see if he has any thoughts. The advisor did buy and sell a bit during the year as well and is holding 18 funds in that 1 taxable account

  6. AnotherReader Says:

    Eighteen funds??? Buying and selling in a taxable account??? Dump this "adviser" immediately. You might already have taxable gains from the buying and selling. A simple what I have today comparison to what I had at the beginning to estimate capital gains may not be accurate.

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