Comments on: Changing stockbrokers? Don’t reward the bad guys. http://janebryantquinn.com/2010/02/changing-stockbrokers-dont-reward-the-bad-guys/ Your personal finance advocate—putting consumers first! Sat, 28 May 2011 14:35:38 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jane http://janebryantquinn.com/2010/02/changing-stockbrokers-dont-reward-the-bad-guys/comment-page-1/#comment-272 Jane Mon, 22 Mar 2010 00:22:06 +0000 http://janebryantquinn.com/?p=889#comment-272 If your broker roped you into mutual funds that charge a penalty unless you hold them for up to seven years, yes, there's a cost. You might also owe capital gains taxes, if you're holding at a profit. But cap gains taxes are low today. At www.finra.org/fundanalyzer, you can estimate the amount you'll pay in future expenses by holding your funds and compare that with the tax you'd pay. If your broker roped you into mutual funds that charge a penalty unless you hold them for up to seven years, yes, there’s a cost. You might also owe capital gains taxes, if you’re holding at a profit. But cap gains taxes are low today. At http://www.finra.org/fundanalyzer, you can estimate the amount you’ll pay in future expenses by holding your funds and compare that with the tax you’d pay.

]]> By: Arlin http://janebryantquinn.com/2010/02/changing-stockbrokers-dont-reward-the-bad-guys/comment-page-1/#comment-265 Arlin Tue, 16 Mar 2010 19:38:08 +0000 http://janebryantquinn.com/?p=889#comment-265 Ms Quinn, I don't think my broker is bad, but I would like to move from actively managed mutual funds to index funds. Won't I incur large costs in selling the old and buying the new? The expense ratios of my funds range from 1% to 2% compared to .2% of an index fund. Ms Quinn,

I don’t think my broker is bad, but I would like to move from actively managed mutual funds to index funds. Won’t I incur large costs in selling the old and buying the new? The expense ratios of my funds range from 1% to 2% compared to .2% of an index fund.

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