- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Brokerage opinion
Posted on 10/31/23 at 1:03 pm
Posted on 10/31/23 at 1:03 pm
Question to the money experts. I have a brokerage account that I started when the COVID crash started with 5k. It has built up to about 20k and am considering selling it all and starting new with another 5k.
Don’t have to but recently bought a new vehicle and could use the money to refill some of the savings.
I had originally planned on letting it ride but feel with the uncertainty of everything it may be a good time now- and as mentioned the new vehicle.
Have a few banks, few o&g, and couple other miscellaneous stocks.
Should I let it ride or take my money and run?
Don’t have to but recently bought a new vehicle and could use the money to refill some of the savings.
I had originally planned on letting it ride but feel with the uncertainty of everything it may be a good time now- and as mentioned the new vehicle.
Have a few banks, few o&g, and couple other miscellaneous stocks.
Should I let it ride or take my money and run?
3
Posted on 10/31/23 at 1:23 pm to Bob Sacamano 89
Do you have a loan on vehicle?
Rate?
Rate?
Posted on 10/31/23 at 1:50 pm to Bob Sacamano 89
So many factors.
Is it all LTCG or have you been trading within last year or reinvesting dividends?
What is your tax rate? Would you be facing 15% LTCG or zero LTCG. (I wouldnt sell short term gains unless you dont believe the investment is sound)
Do you have high interest debt you'd pay off with proceeds?
Do you still believe these are sound investments?
If so doesnt make any sense to "selling it all" pay tax, just to then turn around "starting new with another 5k."
Why not hold while rebuilding savings and liquidate if you hit emergency in meantime? What is point to "use the money to refill some of the savings" when you're gonna realize a capital gain just to stick it in savings?
You've had a good run so I'm guessing you are in volatile stocks and/or actively trading. How much of your overall net worth is this and can you afford to stay risk on?
Is it all LTCG or have you been trading within last year or reinvesting dividends?
What is your tax rate? Would you be facing 15% LTCG or zero LTCG. (I wouldnt sell short term gains unless you dont believe the investment is sound)
Do you have high interest debt you'd pay off with proceeds?
Do you still believe these are sound investments?
If so doesnt make any sense to "selling it all" pay tax, just to then turn around "starting new with another 5k."
Why not hold while rebuilding savings and liquidate if you hit emergency in meantime? What is point to "use the money to refill some of the savings" when you're gonna realize a capital gain just to stick it in savings?
You've had a good run so I'm guessing you are in volatile stocks and/or actively trading. How much of your overall net worth is this and can you afford to stay risk on?
Posted on 10/31/23 at 2:07 pm to TorchtheFlyingTiger
Good points.
I actually paid the vehicle in full shortly after purchase bc the rate was high as you know what. Which is why I consider the sell off.
Don’t necessarily need the money right now, didn’t deplete the savings but would have helped to build back sooner- I guess more aesthetically pleasing to the eyes when I check the accounts than sensible. But none the less.
As far as stocks, most of them are large companies that I bought for stability and dividends. I don’t do a lot of buy/trade. Not that smart
I actually paid the vehicle in full shortly after purchase bc the rate was high as you know what. Which is why I consider the sell off.
Don’t necessarily need the money right now, didn’t deplete the savings but would have helped to build back sooner- I guess more aesthetically pleasing to the eyes when I check the accounts than sensible. But none the less.
As far as stocks, most of them are large companies that I bought for stability and dividends. I don’t do a lot of buy/trade. Not that smart
Posted on 11/2/23 at 2:13 pm to Bob Sacamano 89
The S&P is still 10% off it's December 2021 high. Inflation is coming under control and while the Fed may not pivot on interest rates, they appear to have peaked too. I'd squeeze more juice from that fruit.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News