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re: Buying house in December; have $25K in stocks - should I sell now?
Posted on 9/8/13 at 4:37 pm to stendulkar
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.
1
Posted on 9/8/13 at 5:26 pm to foshizzle
I will be paying long term capital gains on most of them. There are only a couple that I bought less than a year ago.
I do understand the potential for lost gains before the end of the year, but at the same time, I don't have the stomach to take any losses between now and the home purchase. It could put a serious dent in my effort to get as close as possible to 20% down.
I am still relatively young (early 30s) and will dive back into the market next year and start over.
I do understand the potential for lost gains before the end of the year, but at the same time, I don't have the stomach to take any losses between now and the home purchase. It could put a serious dent in my effort to get as close as possible to 20% down.
I am still relatively young (early 30s) and will dive back into the market next year and start over.
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