Hola! I've searched a bit on the web and on the forums and haven't found a good answer to the question. Apologies in advance if this is a silly question.
I've maxed out my Roth for the year and started a taxable account. Because the limit was low, I put 1,000 bucks into the Vanguard STAR fund. I should have realized this earlier, but I've realized this isn't a good fund to have in a taxable account. So my question is, should I:
* Contribute to it until it gets to 3k and then transfer it into a more tax-friendly fund at Vanguard. Or,
* Stop contributing to it and save that money in a savings account until I find a more tax-friendly place to invest it.
My question is about the nature of a fund-to-fund transfer. Does such a thing exist? (I couldn't find anything on Vanguard about this, though I read snippets elsewhere.) Am I right to think that that would make any gains into short-term realized gains?
Thanks in advance.
John