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Started By
Message
How to sell stocks.
Posted on 1/15/16 at 1:22 pm
Posted on 1/15/16 at 1:22 pm
Well this is a dumb question right?
But seriously I am 33 and have been funding my Roth IRA of the last 8 or 9 years and now work for a company which offers a 401K, which matches 9% to 6% invested, obviously I have taken advantage of this since my career at this company began. Not to mention my wife's IRA which I started for her a year and a half ago.
I have also more recently started a typical brokerage investment account, which my wife and I have decided to basicially turn into a college savings account for our children ages 1 and 3.
My investment strategy is more or less value stocks with solid dividends. However, I have never actually thought about what I will do when it's time to sell and essentialy enjoy the fruits of my investments, i.e. sell for the purposes of living expeneses from my retirement accounts and selling to pay for my childrens college from the brokerage account.
I must admit I find myself getting attached to my picks and the thought of selling is uncomfortable to me.
So when it is in fact time to liquidate do you sell stock by stock? A pro rata across the board of your portfolio? Do you sell the strongest or weakest?
Any insight would be appreciated.
But seriously I am 33 and have been funding my Roth IRA of the last 8 or 9 years and now work for a company which offers a 401K, which matches 9% to 6% invested, obviously I have taken advantage of this since my career at this company began. Not to mention my wife's IRA which I started for her a year and a half ago.
I have also more recently started a typical brokerage investment account, which my wife and I have decided to basicially turn into a college savings account for our children ages 1 and 3.
My investment strategy is more or less value stocks with solid dividends. However, I have never actually thought about what I will do when it's time to sell and essentialy enjoy the fruits of my investments, i.e. sell for the purposes of living expeneses from my retirement accounts and selling to pay for my childrens college from the brokerage account.
I must admit I find myself getting attached to my picks and the thought of selling is uncomfortable to me.
So when it is in fact time to liquidate do you sell stock by stock? A pro rata across the board of your portfolio? Do you sell the strongest or weakest?
Any insight would be appreciated.
This post was edited on 1/15/16 at 1:26 pm
2
Posted on 1/15/16 at 1:29 pm to G8RnGA
Just as you cost average into a stock you should cost average out of stocks.
People will sometimes sell stocks at a loss to offset the gains on other stock sales to lower the overall realized gain to be taxed.
People will sometimes sell stocks at a loss to offset the gains on other stock sales to lower the overall realized gain to be taxed.
Posted on 1/15/16 at 1:30 pm to G8RnGA
why sell at all unless you need the capital???? Are you in this more for cash flow OR capital appreciation? Just set stop-losses if you want appreciation only once you've made some nice gains.
If you are looking for cashflow withdraw the dividends. You can do this for any mutual funds that pay dividends also in your roth ira WHEN THE TIME comes for you to take distributions.
If you are looking for cashflow withdraw the dividends. You can do this for any mutual funds that pay dividends also in your roth ira WHEN THE TIME comes for you to take distributions.
Posted on 1/15/16 at 1:40 pm to Fat Bastard
Of course for my retirment account I would certainly hope I can just run for a time off the dividends. However, at some point I will have to sell as it is required at 70 1/2.
As for the college savings account, the 15 years between now and the time I will need the funds I would almost say I will definately have to sell the stocks in order to pay for their educations. The college cost estimators almost made me shite my pants!!
As for the college savings account, the 15 years between now and the time I will need the funds I would almost say I will definately have to sell the stocks in order to pay for their educations. The college cost estimators almost made me shite my pants!!
Posted on 1/15/16 at 1:52 pm to G8RnGA
quote:
However, at some point I will have to sell as it is required at 70 1/2.
yes, but not all at once is what i meant by taking distributions when you are forced to unless this is in a taxable account and not a IRA.
quote:
he college cost estimators almost made me shite my pants!!
tell me about it! I feel your pain.
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