Time to cash out a little stock money???

[redgtxdi]

So, the market is up today. Had been kinda' wonderin' what to do w/ a mutual fund I've held for my kids for quite a while now. Back in 08/09 I saw the thing get cut in half & wondered how foolish I was for hanging in there. But, of course, now things are ok. I could cash out & based on little deposits here & there & compounding interest I'm about where I was in '07.

It's basically for kids at 18. My eldest is 14 & could potentially cash some out at 18....sooo......

Cash all out??

Cash out half?? (I have 2 kids, so leave 50% in for other kid)

Leave it in there. There ain't nothing else worth investing in & it'll probably gain far more than anything else you could throw it in for the next 4 years.

 

[nickbits]

is the value enough for the kid when they are 18? if so i would cash out all that is necessary for them. stocks are not a great short term investment.

 

[rcpratt]

4 years at the earliest? Leave it in.

 

[redgtxdi]

is the value enough for the kid when they are 18? if so i would cash out all that is necessary for them. stocks are not a great short term investment.

Enough for what??

 

[Elbryn]

Enough for what??

what are you saving for? how much are you thinking you need it to be? ie: college costs are estimated to be XX dollars. marriage costs are estimated to be XX costs.

is this mutual fund 100% stocks?

if you've got 5 bucks, leave it invested because you dont have enough to do anything with.

if you've got 90% of the estimated money you think is needed, dial down the risk. you dont need to be risky anymore.

if you've got 60% and can potentially afford to pull money out of salary if the market takes a dump to cover obligations, then you can keep it invested.

if you've got 60% and cant afford to pull money out of salary to pay obligations, then you've got a gambling choice to make. keep the same and hope to get real increases or cut and run with a portion of the gains and start the kids on the path to school loans.

noone can predict the market future. past trends and actions do not predict future ones.

 

[Vic Vega]

I don't know your personal finance situation but I would leave it alone. Say you take it out now, what are you going to do with it to make more $$$ with it in the next four years? Sure, you would have the cash but unless you reinvest inflation will take a portion before you kids are ready for it.

 

[thepd7]

leave it alone. Market will be up in 4 years. Or at least some time before then.

 

[bignateyk]

leave it alone. The world is ending in 2 years anyway, so who gives a shit?

ftfy

 

[BurnItDwn]

The economy is still in the shitter and the market still has a lot of recovering left to do ...

Unless you need the money now, this is probably not a good time to sell.