Fixing old mistakes in investing

[kingbean]

Hi all,

Long story short I have invested in NISA in several funds before realizing how huge difference is in the yearly fees. Once I realized I started to send everything to slim all country, but I wonder what to do with the money in those expensive funds. Recently I got mail from bank where it’s nicely lined up (I did fix the red numbers to see the difference) and it made me think to sell them and buy into all country instead. I have no issue with limits in NISA, however I wonder about timing, should I wait for the markets to pick up or fall down or just anytime is equally good? Thanks a lot

[zeroshiki]

If these are New NISA then there's no issue with selling and rebuying unless you're trying to max out the lifetime limit ASAP.
You should sell these terrible funds ASAP.

If it's the old NISA then there's some calculations that need to be made. Would leaving it there earning money slowly be more valuable than freeing the money and using it as new funds for new NISA.

[adamu]

I have no issue with limits in NISA, however I wonder about timing, should I wait for the markets to pick up or fall down or just anytime is equally good?

Short term fluctuations are not relevant for long-term investing. You're better to move to strategic funds that will benefit you long term, rather than focusing on short term tactics.

So yes, I think selling the ones you don't want, and buying the ones you do sooner rather than later would be best - assuming there's no issue with limits, as you said.