Wednesday, February 7, 2018

Stocks

I'm pissed!  Last week, before the stock market crashed, I was thinking I should get out and ride on the gains.  I looked at my stocks and decided to move them to safe money market accounts and CDs

But I wasn't sure how that would hit me taxwise, so I tried to find out out.  I don't know enough about that.  so I researched how exchanging my index funds would work.  The stock index fund I invest in was not clear about it, so I went internet researching.  I wasn't sure.

I was 2 days away from getting out before the recent crunch.  Cost me about $40,000.

Yeah, it will probably recover slowly over the next year.  But I wanted to just get out anyway.   Not timing the market, just wanted to leave entirely into safe investments for my old age.

2 days too late is 2 days too late.  I guess I'll hold.

2 comments:

pilch92 said...

That really stinks. I hope you can get that back and then get to safer stuff.

Megan said...

Rats!

Megan
Sydney, Australia

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