European here and bought too much of a mutual fund port.

Hey guys

I was a looser and I came into a large sum of money from inheritance and went to see a bank private wealth manager and he provided me a portfolio to invest which had some JPM mutual funds on US equities and global.

Now that’s fine my portfolio is up but the management fees are a bit high 1-2% and I feel like an idiot where I could have gone for a cheaper ETF for almost identical returns.

To what point should I redeem my mutual fund shares and place them on my etf or should I just hold them long term until retirement?

I received 5millopn euros in inheritance and place 2.5 on a mutual funds portfolio and 2.5 on a short term high yield corpo bond (Google issued bond).

I called up my bank to discuss this and they seem somewhat sketchy advising I benefited from portfolio managers and mutual funds being more professional than index funds etc…

Thoughts tips appreciated!