Back before I had any understanding of the stock market, I foolishly looked at past performance to decide which investment I should choose as part of my employee sponsored retirement plan. One fund that is the most embarrassing is ITSLX (Class C). Not only has it under performed (but is rebounding), but it's expense ratio is cancerous to any gains.
Should I sell today, I'm taking a $1,700 Loss.
The expense ratio is 2.16%
The deferred sales load is 1% but I have held onto it longer than 12 months, so that should be waived.
If I were to take the loss in reinvest into VTSAX, I immediately wipe away a 2% expense and have a much more stable fund for the 30 more years left that I have until retirement.
Ive done a few calculators and it appears in 10 years, just due to the expense ratio alone, there is a savings of about $4k, making this idea worth while.
What are your thoughts? Am I missing anything?
Submitted September 17, 2018 at 10:20PM by SVPretirement https://ift.tt/2QCsQGd
