Hey guys,
So I've consolidated more as far as my non-taxable retirement funds and pretty much have everything invested (via Fidelity) in Spartan funds roughly at a 75 US stock/25 intl stock mix based on current risk.
Now I need to think about how to tackle my taxable investments - primarily in Fidelity but I do have investments elsewhere like about $5k in American Century REACX and $30k in various stocks in Scottrade. I also have a UBS account for my company's ESPP, for which I probably have around $15k vested currently.
I initiated a transfer of the REACX from American Century over to Fidelity so that it's consolidated and managed there instead. I'm considering transferring the stocks from Scottrade back to Fidelity as well but we'll see.
For starters, I'd like to just focus on what's in the Fidelity account. I recently purchased into some Spartan funds as shown below but everything else was either purchased beforehand when I was mostly dabbling and not too serious about the research part or given to my by my dad. I have a large amount in FCFXX which I'm considering moving into Betterment (or elsewhere) for a "safety net/rainy day" fund.
Here's what the current portfolio looks like (with the $5k of REACX coming soon):
FCFXX**
FIDELITY CALIFORNIA MUNI MONEY MARKET
$1.00 $0.00
n/a
n/a
n/an/a
$44,063.70 44,063.700
n/a n/a
--
FDVLX
FIDELITY VALUE
$115.30 +$0.91
+$188.68
+0.80%
+$13,022.45+119.64%
$23,907.10 207.347
$52.49/Share $10,884.66ac
$98.85$116.06
FEQIX
FIDELITY EQUITY INCOME
$63.35 +$0.26
+$14.61
+0.41%
+$345.29+10.74%
$3,560.77 56.208
$57.21/Share $3,215.49a
$55.55$63.51
FGMNX
FIDELITY GNMA FUND
$11.65 -$0.01
-$3.21
-0.09%
+$82.59+2.26%
$3,732.46 320.383
$11.39/Share $3,649.87a
$11.21$11.68
FSCGX
FIDELITY SELECT INDUSTRIAL EQUIPMENT
$42.07 +$0.46
+$238.60
+1.11%
+$8,935.92+69.35%
$21,822.04 518.708
$24.84/Share $12,886.13ac
$37.30$47.64
FSEVX
SPARTAN EXTENDED MKT INDEX FID ADV CLASS
$56.04 +$0.47
+$420.01
+0.85%
+$80.43+0.16%
$50,080.42 893.655
$55.95/Share $50,000.00a
$49.92$56.56
FSGDX
SPARTAN GLOBAL EX US INDEX FID ADV CL
$12.24 $0.00
$0.00
0.00%
-$284.33-0.57%
$49,715.67 4,061.738
$12.31/Share $50,000.00a
$11.55$13.22
FSTVX
SPRTN TOTAL MKT INDX FID ADVANTAGE CLASS
$60.88 +$0.30
+$247.64
+0.50%
+$255.89+0.51%
$50,255.89 825.491
$60.57/Share $50,000.00a
I'd like to dump the FGMNX and FEQIX which I purchased prior to everything. The FDVLX and FSCGX were passed down to me by my dad (probably for him to avoid taxes) a long time ago so those have the most gains I think, and it would be nice to get rid of those. I'd of course use these funds to buy into more Spartan funds in this account, most likely.
Is there any reason I should just hold onto these for now? I'm afraid of the capital gains tax implications of selling any of these funds (well, maybe with the exception of FGMNX since it's pretty low-yield so far) at this point. The same can generally be said for some of my stocks in Scottrade. And for the REACX, I'm also pretty unsure what this would look like. I'm pretty sure we're still going to be in the 20-something percentile this year. I was trying to see if we would ever be able to get down to the 15% bracket, which may be possible next year. Based on what I've read, if I were able to get in the 15% percentile for income, I'd be able to sell all this stuff and not get hit with capital gains taxes?
I previously had FEXPX which was slightly in the red so I sold that as a loss so that I can deduct that, and then reinvested in Spartan funds. This definitely isn't the case with the rest of the funds though - I'm just kind of scratching my head at what the best move is next.