A bit more than 3 months ago I started investing following a long term passive investing strategy with a portfolio composed of IWDA, EIMI and WSML (using market cap weighting). The reason to pick that portfolio over a one ETF portfolio such as a portfolio composed of FTSE Global All-Cap, was that I preferred to have a portfolio with a higher number of constituents (8,906 constituents over 6,907) and also with a higher percentage of small caps (which in my opinion is closer to a GDP weighting approach).
However, I have realized that by looking at the prices and all the information in order to rebalance my portfolio, I may be misguided by my irrational and emotional part (and this may lead to irrational actions in the future). For this reason, I have decided to switch to a one ETF portfolio (FTSE Global All-Cap), which will allow me to become in some sense more passive (no need to check any information a part from just buying more of that ETF) and to disconnect a bit of what’s actually happening with my portfolio (at least in the short term).
Hence, I wanted to ask you what would be the correct approach to do this change in order to not pay taxes or minimize the amount of taxes paid?
Should I still hold those ETFs for 2 additional months (so it makes 6 months in total and I am not considered a professional investor) before I sell them even if it is to reinvest that money on another ETF?
Thanks a lot in advance!