Agreed on the expense ratios. We have really educated ourselves in the last six months and got really serious about FIRE. I couldn't believe the expenses ratios!! I'll write off what we have paid so far as stupid tax, but never again!
I like to think of those things as paying for an education. You paid. You got an education. There was a less expensive way to learn the lesson, but the fact that you are acting says the lesson was learned.
I agree with those that say you should at least look at your tax consequences, but yes, get out soon. This would be especially true if you are close to hitting the next tax bracket if you take it out all at once.
Look at the bright side..... with expense ratio's like you have been paying, your gains should be low :) I did look at the one you gave, and boy was that a dooziy Expenses of 2.16%, high risk, very low reward and almost 13% held in cash. Just wow. Thank you for sharing.
My father is terrified of stocks, and had a large amount of money in his bank getting 0.01%(not a typo). The broker at the bank talked him into moving it into a managed account... for a fee, of course. 1% to the broker to buy assorted bonds and such. Account was actually down after 1 year. I looked at what was bought. A small amount was actually in a bond paying 0.75%. LESS than his fee. Fees were consuming about 40% of what was being earned. He has since fired the broker.
Keep us posted. Good luck.
