I'm 24, working as a software developer, and I started my IRA in 2015. For 2015 & 2016 I contributed the max to VGHCX, Vanguard Healthcare Fund after I let my dad convince me that was a better idea than just a regular index fund. Relevant info:
- 0.37% expense ratio
- $11k of shares purchased
- $1.1k returns for a current total of $12.1k
- 7.2% rate of return according to Vanguard personal performance page
I am also in the process of maxing out, through automatic weekly withdrawals, VFINX the S&P500 index fund. Relevant info:
- 0.14% expense ratio
- $4.2k of shares purchased
- $200 returns for a current total of $4.4k
I realized after more research that I'd really rather not try to pick even sectors of the economy in my investing, so I want out of the healthcare fund, especially due to the much higher expense ratio. To a lesser extent, I'm thinking I should invest in the total market fund VTSAX as opposed to just the S&P500 fund.
My question is this: with both of my funds currently up by over 7%, would now be a good time to sell them and pick up all VTSAX shares, with maybe a small amount of the bond market fund? I'm not trying to "time the market", more wondering if there's anything I'm missing here since I'm new to the game.
Thanks!