Hi all,
28M, 300K combined net worth with partner. Recently inherited 15K in brokerage account. No debt and no immediate need for funds. My brokerage (110K) is presently invested in 90/10 VTI/VXUS.
Here's the holdup. The funds I am inheriting are heavily weighted towards high expense ratio bond and securities ETFs (.38 and above).
Bonds and Securities: 10K (MAHQX, LLDYX, TRECX)
Low-Cost Broader Market Funds: 5K (VOO, VWO, SCHM)
My first thought is to sell the bonds and securities ETFs, incur any tax penalty, and reinvest the 10K in VTI/VXUS. I would hold onto the 5K of VOO, VWO, and SCHM and I do not believe the penalty would be worth the repositioning. However, I could be thinking about this all incorrectly. How would you approach?
Leave a Reply