Anonymous wrote:So you have a portfolio worth over 4M and you are asking for advice here. This is where a consultation with a fee-only financial planner makes sense.

There are some savvy people on this board who may at one time been in this situation. I think it is a Dealer's choice. Paying .60% for a fairly low turnover fund isn't bad. The fund's performance is actually better than VOO according to the charts.

So you have a portfolio worth over 4M and you are asking for advice here. This is where a consultation with a fee-only financial planner makes sense.

Look for tax-efficient funds, or move this to an account where growth is not taxable, like a Roth IRA. At your age, you can get catch-up I believe, or just over-fund it.

Next, do you give to charity? Give the appreciated stock instead of money. You get to take the charitable donation at today's market value, and no taxes on the gains because you donated the stock instead of realizing the gains. Double tax benefit.

Never had an actively managed fund and won't. It has a very high fee. You can get more out of VOO.
You need to consider taxes, but I would drain it slowly unless your other investments are worse.

Anonymous wrote:That fee is pretty terrible.

You have a cost basis of $174K but its only grown to $430K in 40 years?!?! WTF.

I started with just $10K then added 400/monthly for some years. And then in the past decade I have taken small portions out like $5000 per year. So that math isn't going to make sense just by looking at cost basis.

That fee is pretty terrible.

You have a cost basis of $174K but its only grown to $430K in 40 years?!?! WTF.

I'm 64yo retired single man. I have a diversified stock/mutual fund portfolio that was established in the late 1980s. I have an investment in TWCUX started in 1991 and it has grown to $430k. My personal rate of return is 10.3% annually over this period. The expense ratio is .60% and the turnover ratio is about 20% or less. Cost basis is $174k. I don't add to this MF anymore except for cap gains distributions. And I do tap the account to pay Tax bills, travels and home improvements.

I'm not disappointed in the performance but it does generate annual Capital gains distributions which I reinvest back into the fund. This is held in an taxable account. I like the concentrated positions in this fund and it compliments my other stock positions that are more value oriented. This represents about 10% of my portfolio. I'm just curious what others have done with these actively managed funds held in taxable accts.