Personal Investments • Should I sell my AGTHX for VOO?

Hi all,

This is my first ever post here on Bogle heads and I'm looking for some advice on my portfolio

Background: I'm a 22 year old student, took some time off from school as I wasn't sure what I wanted to do, but now I'm back full time. I own a business which is still a fledgling and am currently trying to get a job as I'm not paying myself a dime from the business which I've been working on full-time for a year now and I want more money to contribute to my portfolio as well as just have some spending money. I'm investing for the long term my goal is to be able to retire early and care free. I don't mind working, I'd happily work for myself doing something I enjoy until I'm physically unable to. I'm from Orange County, CA so a very high cost of living area, not married, no kids, and no debt. Luckily I'm able to live at home, which will allow me to invest a lot of my money from my job

Portfolio: My portfolio is managed by UBS, or rather a contracted firm that is certified with UBS...not exactly sure how it works. As of the end of November my portfolio was worth $68,187.43. $2,122.81 of that is cash in an insured sweep program, the other $66,064.62 is coming from 1,035.009 shares of AGTHX.

Question: Should I sell my AGTHX shares and reinvest the money into a low fee ETF like VOO or SPLG? I'd like to contribute as much as I can to my portfolio while my financial responsibilities are still small, however I'm apprehensive to invest in AGTHX because the front load is very high as well as the expense ratio and it is outperformed by lower expense ETFs that track the SP500. This year since I'll make less than ~$47,000 I'll be able to avoid paying long term capital gains. The only thing that scares my a little is that I'd be buying in at essentially an all time high, but like I said earlier I'm investing for the long haul so that high purchase price really shouldn't be an issue.

Please let me know what you think, thanks in advance!

AGTHX is a solid fund but VOO has a higher expected return net of fees and is more diversified. If you wanted a growth bias there are also cheaper funds. I would definitely stop paying the load fee with new contributions. Maybe I missed it somewhere, is this in a taxable account, employer plan, or IRA?

Yea going to be unloading AGTHX soon, I want to start making monthly contributions but didn't want to put anymore into AGTHX because of the front load. This is all in a taxable account which is another reason to get into an ETF.

Statistics: Posted by ruralavalon — Fri Jan 05, 2024 7:01 pm — Replies 28 — Views 1640