TheNiche Posted October 10, 2008 Share Posted October 10, 2008 My stuff went from -12% to +18% in three hours. I may sell it all off just so I can put it in something more stable.Always cash out before an election. Let stocks reprice to the new leadership and to political/media normalcy. Then jump back in. I'm not saying that the economy will spontaneously heal after the economy, but the previous two weeks and the next month is a time frame within which I know better than to try and make predictions. I know that I don't know what's going to happen. Those that think that they know are either savants or idiots. I don't count myself as either of those.Also, if you cash out now on the stocks on which you've made money since you initially invested in them, then wait a month before reinvesting--even in the same stocks--you pay this year's capital gains tax rate and reset your basis. Quote Link to comment Share on other sites More sharing options...
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