Cash in stocks now
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Cash in stocks now
Posted by SAL MINIO on 12/28 at 10:52 am
If I cash in all my stocks today due to F.C. uncertainty, what are the + and - of doing this?


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Posted by LSURussian on 12/28 at 10:54 am to SAL MINIO
quote:

If I cash in all my stocks today due to F.C. uncertainty, what are the + and - of doing this?


If your stocks go up after you sell, you lost making more money.

If they go down, you saved yourself from some losses.



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Posted by SAL MINIO on 12/28 at 11:03 am to LSURussian
Yes, very astute.


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Posted by LSURussian on 12/28 at 11:07 am to SAL MINIO
I'm honestly not sure what you expected to learn.


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Posted by iluvredboxx on 12/28 at 11:15 am to SAL MINIO
One positive for cashing in now is you could potentially avoid higher taxation on capital gains. Also, if you have dividend stocks, they will be taxed at a higher rate at well


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Posted by SAL MINIO on 12/28 at 12:35 pm to LSURussian
Russ., no problem. Sorry for the sarcasm. I guess I am just thinking the sky is falling today. I wish these bozos in D.C. would get their stuff together.


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Posted by VABuckeye on 12/28 at 12:43 pm to SAL MINIO
Are you a short term investor or long term? If you're long term then whatever happens is probably just a blip in the life of the portfolio.


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Posted by LSURussian on 12/28 at 1:03 pm to SAL MINIO
quote:

Sorry for the sarcasm.
No worries. I'm frustrated, too. It's like fundamentals of companies don't matter. The world has stopped until 535 people in Washington agree on something.



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Posted by Layabout on 12/28 at 1:05 pm to SAL MINIO
If you were planning to sell them anyway it probably makes sense to do it this week rather than next. Otherwise don't disrupt your portfolio to save a few bucks on taxes.


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Posted by NC_Tigah on 12/28 at 2:22 pm to SAL MINIO
quote:

If I cash in all my stocks today due to F.C. uncertainty, what are the + and - of doing this?
Obviously depends on tax bracket.

Generally:

Losses:
Makes sense to preserve losses until 2013 then sell

Gains:
For LTCG/STCG's your FP entails selling in the short term, sell now.
For securities you were planning to hold longer term, hold them.
(if you sell then buy back, you accrue further gains based on holdings less 2012 tax exposure. i.e., you profit more simply maintaining the investment despite a less favorable 2013 tax environment)



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Posted by tigeryat on 12/28 at 6:38 pm to SAL MINIO
I'm still in.

I backed off my asset allocation to 50% equity exposure, just in case. This stock market makes no sense to me either. It's just as likely to run up as it is to crater.

If I were close to retirement, I would reduce my equity exposure down to 25% and try to preserve capital for the next few years. Too many idiots in charge of this roller coaster.



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Posted by matthew25 on 12/29 at 12:57 am to tigeryat
The market came back after 9-11.


The market came back after The Crash of 9-08.


It will survive this time, too.



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Posted by foshizzle on 12/31 at 6:04 pm to LSURussian
quote:

The world has stopped until 535 people in Washington agree on something.


Well, to get technical about it (and b/c I'm a dick and bored until the game starts) the number is (434/2 + 1) + (100/2 + 1) + 1 (POTUS has to sign) = 270.

FWIW I have done nothing with my portfolio.



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