Quote:
Originally Posted by retiredguy123
Actually, the S&P 500 Index is only down about one percent over the past 12 months. The only thing that might make sense would be to convert your stocks to cash, because the bond prices are already too high with no place to go but down. I don't plan to do anything because selling stocks would mean paying a huge amount in capital gains taxes, and I don't need the money. Nobody knows where stock prices will go in the future, so I think it is a personal decision to make. I usually don't try to predict the stock market, but it does seem strange to me that the stock market has stayed as high as it has recently.
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Except for IRAs...no penalty to do that....cash out and wait till things quiet down then go back to mutual funds or stocks