I bought 300 shares of SPY back in March at 630 for the intention of holding long term. 10 years min.
Now looking more into other indexes, it seems there were better options with cheaper expense ratios and better dividends.
So do I sell now and move to a VOO or FXAIX? Or is it not really a big deal?
Edit to clarify that this is in a rollover IRA account so there is no tax implications.
Should I get out of SPY and move it to a better long term index?
byu/Over_Cash9601 ininvesting
Posted by Over_Cash9601
2 Comments
Just be careful of short term gains. Taxes could be a bear if youre in a high enough bracket of you dont have any other tax loss harvesting levers to pull. I personally really like VOO of S&P tracking. I usually use that or VTI as my main allocation asset.
Up to you – a lower expense fund would have less drag.
Since you hold 300 shares of SPY – the way that I would do it is write a 1 DTE atm call contract against the SPY shares. And if assigned – would buy a lower cost fund.
Be aware of taxes if in a taxable account.