No. of Recommendations: 0
Greetings Fools,

2 years ago I purchased shares of a mutual fund. 15 months ago I began an automatic repurchase plan on the fund. Now that I am Foolish, I wish to sell the shares, fund both my wife's and my Roth's and start a Fool 4 fund.

Here is my question...If I sell the fund now do I pay short term or long term gains???? To avoid short term capital gains do I need to quit contributing and wait one year or can I sell now since a majority of the fund was purchased 2 years ago??

Any help would be greatly appreciated!

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.