Here's the deal - I opened a taxable schwab brokerage some years ago, back then they charged commissions on all trades besides their ETFs so I loaded up on their shit, didn't really have a choice since commissions would've ate like 5% of what I was putting in at the time. A few years later they waive all commissions, now I can buy whatever I want.
Schwab funds aren't bad, don't get me wrong, but Vanguard are a little better. More volume, smaller spreads, plus I really like VT because it's the entire world cap weighted and right now my allocation is approximating that across multiple Schwab funds cause they don't have one big world-wide fund. I'd love to offload like 5 schwab funds and dump it all in VT.
It wasn't a big deal so I kept dumping money into schwab cause I didn't want to get hit with cap gains. Now, however, literally every fund is below my cost basis. Lets say I sold the schwab funds, I'd get a cap loss. I don't think it would count as a wash sale because I'm not buying back the exact same funds. Not that I'm trying to dodge taxes or anything, just wondering if this situation would come back neutral or even positive for me.
Submitted March 22, 2023 at 06:55AM by sn_uv_tv_f https://ift.tt/mOZgA7Y
