good questions.
Main goal is to build enough of a nest egg to support a comfortable retirement.
How much are we talking about?
Umm, I have 10,000 shares of the stock (up $9 a share <hee hee>.
(Like I said, I wanted a speculative gamble in a portfolio that's fairly conservative overall.)
That's just part of my portfolio.
It's the only single corporate stock I bought,
so I'm thinking about an "exit strategy" for that one stock,
and where to reinvest the proceeds.
My wife has several individual stocks in her portfolio.
I spent about $30K on each of the two kids' tuition, plus buying them cars and living expenses while they were in school. Am trying to recoup some of that.
A lot of my investments are "leave them alone long term" -
- 401(k) at work, penalties for early withdrawal -
in a mix of small-cap, international, and growth mutual funds
(hmmm, retirement investments are like sex:
if you withdraw too early, she loses interest!! /me ducks)
- tax-free insured muni bond fund (equiv. to about 7.5% taxable yield),
for some capital preservation and "dividend" reinvestment
- rental property (tax break and long-term appreciation)
- annuity tied to S%P 500 with guaranteed minimum yield
We have the mortgage on the primary residence and the mortgage on the rental condo set to be paid off in my early 60's. In the meantime, I want the tax break on both loans. By the time I retire, the cash flow out will be a lot smaller, and I'll still have rental income on the condo, plus from the muni bond fund, and hopefully retirement plan and Social Security.
Am feeling very lucky. I'm alive, have a loving wife, have a job, have some nuts squirreled away for the winter...
:-)
-Ben
>How much we talking about here, Ben? What are your goals, etc? My parents
>did some stock options once and used a one-time capital gains
>exception....not sure if that still exists....and then paid off the house, I
>believe. That could be an option.
>
>Oh, to have your dilemna....
>
>-d
>
>----- Original Message -----
>From: <[EMAIL PROTECTED]>
>To: "CF-Community" <[EMAIL PROTECTED]>
>Sent: Thursday, November 06, 2003 3:58 PM
>Subject: Stock dilemna
>
>
>> so everybody should have such a problem:
>>
>> About a year ago, I took a chance and bought a chunk of my employer's
>stock in my personal account. Bought in at $3.19 a share.
>>
>> Today it closed at $12.40, and has been going up quite a bit lately on
>good news.
>>
>> Price before they bought our site and the market turned south was about
>$13-$14.
>>
>> So, what to do?
>> Keep it all, hoping for even more gains,
>> Sell an amount corresponding to the original investment, getting my money
>out (so anything else is profit),
>> Sell it all (take the money and run).
>>
>> And if I sell, where the heck to put the proceeds?
>>
>> <sigh>
>>
>> -Ben
>>
>>
>>
[Todays Threads] [This Message] [Subscription] [Fast Unsubscribe] [User Settings]
