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Personal Finance and Investing

PoindexterOglethorpe

(26,727 posts)

13. What funds?

Reply to Maxheader (Original post)

Fri Nov 23, 2018, 11:42 PM

Nov 2018

More to the point, to you have a financial advisor? What does that person think?

Keep in mind that the markets go up, the markets go down. Over the long run they go up. Whether you should cash out now depends on all sorts of things, such as how old you are, what you need the money for, and so on. Which is why a financial advisor can be a good thing.

I'm going to go out on a limb here and suggest that if you are needing money in the near future, you probably ought to cash out to some degree. But not totally.

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Have had thoughts about cashing in the funds... [View all] Maxheader Nov 2018 OP

Imo, a very old, hyper-extended bull. empedocles Nov 2018 #1

Your age is a factor to consider... lastlib Nov 2018 #2

Excellent point, lastlib. Get some good advice on the right mix. Consider index funds. Nitram Nov 2018 #9

I put everything in a money market in February. Haven't lost a dime Squinch Nov 2018 #3

And rich people don't spend money either (not as much percentage wise), so big hit coming...nt SWBTATTReg Nov 2018 #4

Exactly. They hoard it and move a lot offshore. Squinch Nov 2018 #5

Exactly what typically happens with the GOP!!! n/t RKP5637 Nov 2018 #6

I taking about 50% out of investments and putting it in CDs and sinkingfeeling Nov 2018 #7

Nope. The market was due for an adjustment, and it will be going up and down for a while. Nitram Nov 2018 #8

If I may....... A HERETIC I AM Nov 2018 #10

One can switch funds within the same fund family and avoid capital gains taxes ?? progree Nov 2018 #11

You are correct, I was wrong! Should have taken the few seconds to Google first! A HERETIC I AM Nov 2018 #12

What funds? PoindexterOglethorpe Nov 2018 #13

No financial advisor... Maxheader Nov 2018 #14

Keep in mind that PoindexterOglethorpe Nov 2018 #15

Yes...I've no intuition regarding Maxheader Nov 2018 #16

It did rebound and went on to set new all time highs progree Nov 2018 #17

Message auto-removed Name removed Nov 2018 #18

In the past I've used financial advisors with investment Maxheader Nov 2018 #19

Morningstar ratings are based on prior years performance. A HERETIC I AM Dec 2018 #20