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should I sell my mutual funds now ?

September 7th, 2010 | | Tags: , , | 9 Comments | |

financewords

I have some in different (At least I had). Now it is already very late. should I leave them as they are, or should I sell them at this stage?

What would you do ?

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9 Responses to “should I sell my mutual funds now ?”

  1. Rick Says:
     September 7th, 2010 at 10:55 pm

    NO, goal of mutual funds is to hold it to retirement, plus if you sell today market, you will regret later on, just wait till the storm past, it will take a while, if you ain’t retire anytime soon no need to worry about it. Mutual is not like stock, because mutual funds will had heavy fine when you withdrawn early.

  2. Abdul Gure Says:
     September 7th, 2010 at 10:55 pm

    sell them at this stage before its too late

  3. Brenda J Says:
     September 7th, 2010 at 10:55 pm

    I think that unless you are getting ready to retire in the next few months it would be silly to do anything. Hold on. It will come back

  4. SweetMochaJoe Says:
     September 7th, 2010 at 10:55 pm

    Im in the same predicament as you, at this point I’d lose far too much selling them so Im just gonna hang in there and wait for it to go back up.

  5. Katie W Says:
     September 7th, 2010 at 10:55 pm

    Ah, the classic panicked "buy high, sell low". Generally a panicky reaction is a Bad Idea. If you think the market is bottomed out, it’s actually a very good time to buy (the question, of course, is, has it bottomed out?)

    It depends on your needs. If, for example, those are retirement funds and you are young, then you would likely be best off by leaving them where they are.

    If you’re retiring and need the income now or shortly, you might need to sell, regardless of the market.

    If somewhere inbetween, then your current income, financial plans, needs, etc. all come into play. You might want to talk to a financial advisor if you really are uncertain what you need.

    If you really don’t like the way your funds are allocated, then you may not have distributed them well in the first place. Unless you’re a day trader, you don’t want to ride your funds yourself and try to second-guess the market and the funds’ managers; you’ll just cause yourself a lot of stress and likely lose money. Determine your financial goals and needs and decide where your money should be based on that, and don’t make panicky short-term reactive decisions. If you’ve allocated your money properly, then you’ve already done most of the necessary work.

  6. Zach V Says:
     September 7th, 2010 at 10:55 pm

    No. The stock market’s is gone for now.

    You’ll just have wait it out.

  7. Anand V Says:
     September 7th, 2010 at 10:55 pm

    Buddy dont join the herd and indulge in panic selling. Yeah the market sentiments are pretty bad now and you cant expect them to recover for a few months.

    But the governments worldwide are taking steps to stop ths fall and bring things back to normalcy.

    Why waste your hard earned money by selling off for a loss? if you are not too hard pressed for money then you can hold on to your investments for another 2 – 3 years until the market comes back to normal and you are sitting on a handsome profit before you sell..

    All the best.

    Cheers,
    Anand
    mail me at anandvijayakumar@ymail.com if you need any more details.

  8. Chris C Says:
     September 7th, 2010 at 10:55 pm

    Unless you need to use the money for something within the next 5 years, don’t withdraw them.

    The markets go up and down all the time….every 4.5 years the markets have a bear market that lasts roughly 15 months, then back to a bull market for 4.5 years or so. Right now we’re just in one of those bear markets that the market ALWAYS goes through.

    Everytime it happens people panick and say "Last time it wasn’t this bad! I better get out before it gets worse", and people sell off losing tons of money and making the markets go even further down.

    Also, keep in mind…if you don’t withdraw the money, the ‘loss’ is only on paper and you really haven’t actually lost anything yet (it’s not like the ‘losses’ right now are perminent).

  9. Tyrus Says:
     September 7th, 2010 at 10:55 pm

    I don’t see the stock market going anywhere fast and see the highest rated General obligation Munis giving you basically 5% with no risk. I don’t see the market going up that much over a year, but can see it doing down. The economy is going into a recession-stock markets don’t go up during recessions. Recessions generally mean a 20% decline during the three straight months where you have negative growth

    I’m 90% out of the stock market. I will be out for another six months where I expect the market to be around 7000. You are going to see a lot of destruction of wealth that I think will take 5 -10 years just to get back to the highs you have been in the past. Entire companies are being destroyed because banks are using the money given to the to cover their losses instead of what they were intended for.

    The Billions are simply going in the pockets of the banks and nothing is coming out. This economy will get a lot worse before it gets better. I see no signs the Feds get it. There is no change in the credit freeze in the last three months

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