Neuberger Berman

[crabbypatty]

Years ago before I got off track I opened a MF through them.

I don't think it's a bad fund but it's my only non retirement acct and I feel like it's too many eggs in one basket. As I check their web site I see few choices and I think I would like to maybe cash out and move to a co. that has more options.

So what are the ramifications of doing this? What kind of fees/taxes are involved when you move (non retirement) money?

Anyone know much about this co?

[jIM_Ohio]

what fund is it (5 letter ticker). You will pay taxes on the gain.

If you bout fund for $1000 and it's worth $2500, you pay taxes on the gain (2500-1000=1500). The gain is taxes at 10% if you are in 10 or 15% tax bracket ($150) or 15% if you are in 25% bracket or higher (15% is a tax owed of $225 if my math is accurate).

Taxes not owed until you file income tax returns for 2007 (by April of 2008).

fees in addition to taxes depend on agreement you had with mutual fund provider.

[LuxLiving]

Jim isn't that only if she cashes out? Does she have to pay them now if she is only doing a rollover???

[jIM_Ohio]

she said it's a non retirement account, so I assume that means its taxable. Rollovers are for IRAs.

[LuxLiving]

It would be helpful if I would READ these things, eh???? Thanks.

[crabbypatty]

NGUAX

It's been years since I openend this fund, I don't remember the agreement. I guess the best way to find out is to call them and and ask.

[jIM_Ohio]

two years means the following to me:

all gains will be taxed at long term rates (10% or 15% as I stated above)

if this was a LOADED fund, you may be subject to fees, but if you bought this no load, most short term restrictions would not be there. But check with custodian to be sure.

[disneysteve]

Originally Posted by crabbypatty

NGUAX

What are you thinking of switching to? It really doesn't look like such a bad fund. It has performed respectably, beating the S&P 500 3 of the past 4 years. Total expenses are 0.89%, also not bad. It might be worth hanging onto this one.

[kv968]

There aren't any loads on that fund so there won't be any fees associated with it. I can understand your feeling of "too many eggs in one basket", but at a quick glance it looks like a decent fund.

[crabbypatty]

I'm not sure what I wanted to switch to. I'm still trying to figure out what is and what is not worth keeping.

I've had this fund since 97/98 (haven't added to it for over 5 years) and it apparently took a hit at some point.

[kv968]

If you do decide to get out of it, may I make a few suggestions for you to look at?

Vanguard's Windsor Fund Investor Shares

or one of my favorites...

T Rowe's Capital Appreciation

Just a few somewhat similar funds to consider.

[disneysteve]

Originally Posted by crabbypatty

I've had this fund since 97/98 (haven't added to it for over 5 years) and it apparently took a hit at some point.

It's 10-year average annual return is a couple of points behind the S&P 500, but it has beat the index for 3 and 5 years and has matched it over the life of the fund.

Of course, if you just want to match the S&P 500, the best and cheapest way to do that is with an index fund, like Vanguard's.

[b4freedom]

How much are you talking about? If it's 1 to 25k, and you're just worried about what eggs are in what basket, I'd leave it alone. Put your future money in new baskets to diversify. If it's upwards of $100k and that's your entire networth, then start moving.

[safari]

If you're looking for long-term capital appreciation, I can recommend my favorite funds.

FLVCX Fidelity Leveraged Company Stock Fund
RYVPX Royce Value Plus Service Class
WWNPX Kinetics Paradigm No Load Class
JAOSX Janus Overseas

All of the above funds can be purchased through Fidelity without paying a transaction fee.