Personal Investments • What to do with mutual funds in a brokerage account

To preface, I have several mutual funds sitting in my brokerage account along with individual stocks at about a 70/30 split between funds and stocks. A few are index funds, most are not, and most are Vanguard with a couple American funds. I’m in the process of cleaning up the account and trying to simplify my investing, reducing my tax burden and maximizing income. At this point my main question is about the non-index funds - would it be prudent to sell these and buy the corresponding (or completely different) ETF? This is an inherited account so my cost basis is not much above the current price, if at all. Some of the funds in question are VEMAX, VGHAX, VGHCX, VGSLX, VGSTX, VIPSX, VTRIX, VWEAX, VWEHX, VWITX. I am 60, married and retired, and I’m trying to do what most everyone else is trying to do - maximize returns and simplify. Sorry if I have omitted necessary information, it’s a learning process…

Jack Bogle's Words of Wisdom: "There may be better investment strategies than owning just three broad-based index funds but the number of strategies that are worse is infinite."

Statistics: Posted by Taylor Larimore — Thu Feb 01, 2024 10:42 am — Replies 5 — Views 148