Hi guys,
I just did something sort of stupid that I'm not sure is capable of being untangled, but here goes.
I finally bit the bullet on transfer my taxable and Roth IRA account from Edward Jones to Vanguard. The investments showed up (in kind) a couple days ago. I knew this was the correct economic choice but dragged my feet because I felt bad for the nice lady at Edward Jones.
Anyway, now about 18K in high fee bad investments in my Roth IRA are in my Vanguard Roth IRA, and another 5K in my taxable account.
I have, sort of willy nilly, just started selling the crap investments (with an eye towards buying low-cost Vanguard funds when they settle).
I'm just now realizing I have created capital gain and loss without thinking about it, and have no idea what that means in either account. Thoughts?