I took over a portfolio that a family member was previously managing. It was managed by morgan stanley and filled with high loads and high expense ratios. lots of mutual funds that are duplicative and redundant.
I plan to transfer to VG funds to simply and avoid high fees. Is it better to transfer the account in kind and then liquidate the funds, or better to liquidate first and then transfer.
Because the portfolio was actively managed, much of the gains have been realized. I understand there will still be LTCG and STCG implications.
thx!
I plan to transfer to VG funds to simply and avoid high fees. Is it better to transfer the account in kind and then liquidate the funds, or better to liquidate first and then transfer.
Because the portfolio was actively managed, much of the gains have been realized. I understand there will still be LTCG and STCG implications.
thx!
Statistics: Posted by BAM! — Tue Feb 20, 2024 2:56 pm — Replies 0 — Views 1