The more I read, the more I realise that the funds that I bought a couple of years ago have quite high TER, and that this is detrimental to my account.

According to Morningstar, the average in my portfolio is 0.52, but there are a few that are quite eye watering, including:

DWS Invest Top Dividend LC 1.50 (Acc)
Henderson Horizon Global Tech A2 1.50 (Acc)
Aberdeen Global Emerging Mkts Sm Cos A2 1.75 (Acc)
Aberdeen Global Sel Emerg Mkt Bd A2 1.50 (Acc)

Now, with the exception of the EM funds, the others are doing quite well so I am tempted to let the profits run a bit further (if lady luck is to bless us further in 2014).

It seems from what I read (including texts by Hale and Kroijer) that simplification and low TER are the way to go. I can see this, but they do not really offer any recommendations for those that have already taken the plunge and bought into funds.

I could quite easily sell these off and then consolidate these and other funds into a global equity fund with a lower TER etc. I'm just not sure what is the best approach to pursue. I'm tempted to let things run further then maybe consolidate towards the middle of the year.

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