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Buying house in December; have $25K in stocks - should I sell now?
Posted on 9/8/13 at 3:51 pm
Posted on 9/8/13 at 3:51 pm
I need to liquidate all my stocks (worth about $25k as of Friday closing) to put towards my home down payment in December. The Syria situation concerns me. I just want to take my gains and sell them all off during the next couple of days. Is it a good idea? Is there a better idea the MTB recommends?
5
Posted on 9/8/13 at 4:09 pm to stendulkar
quote:
I need to liquidate all my stocks (worth about $25k as of Friday closing) to put towards my home down payment in December.
Make sure you do your planning on long-term capital gains (but they were going to be this tax year anyway). I would maybe roll them into CDs (mainly to keep you from spending them), but there's nothing wrong with your plan - I predict the risk for reduction in value between now and early December is about equal to the potential for gain.
Posted on 9/8/13 at 4:31 pm to stendulkar
I'm with ace.. but I believe its better than 50% the year ends in a tumble.
Posted on 9/8/13 at 4:37 pm to stendulkar
What should really matter here isn't Syria but that you need a certain amount in December. The market can rise or fall for any reason at any time, if that troubles you then go ahead and cash out now. OTOH, if you can afford to leave it in then by all means do so, realizing that by doing that you meet your goal of having the down payment but may miss out on gains if they happen.
But nobody knows what will happen between now and then.
But nobody knows what will happen between now and then.
Posted on 9/8/13 at 8:10 pm to stendulkar
quote:
The Syria situation concerns me.
I would be more concerned about what comes out of the Sept. FOMC.
Posted on 9/8/13 at 8:37 pm to stendulkar
quote:
The Syria situation concerns me.
I have money in stocks and I'm nervous as well..
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