Comments on: Why I Sold Stocks In My Taxable Account Today http://investorjunkie.com/2477/why-i-sold-stocks-in-my-taxable-account-today/ My Business and Financial Freedom Journey Tue, 07 Feb 2012 03:50:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Investor Junkie http://investorjunkie.com/2477/why-i-sold-stocks-in-my-taxable-account-today/#comment-1123 Investor Junkie Wed, 12 May 2010 23:53:24 +0000 http://investorjunkie.com/?p=2477#comment-1123 Hmm any ETFs that do this that hold it in UK dollars? I'm only familiar with mutual funds that do this and charge 1.5%+ fees. I do have some blue chip stocks like KO and KFT that can take advantage of strong growth internationally and in some emerging markets. As Barry Ritholtz has mentioned on his blog: "The U.S. is the best looking horse…at the glue factory." <a href="http://www.ritholtz.com/blog/2010/05/bonds-are-for-losers-revisited/" target="_blank">http://www.ritholtz.com/blog/2010/05/bonds-are-fo...</a> Hmm any ETFs that do this that hold it in UK dollars? I'm only familiar with mutual funds that do this and charge 1.5%+ fees.

I do have some blue chip stocks like KO and KFT that can take advantage of strong growth internationally and in some emerging markets.

As Barry Ritholtz has mentioned on his blog:

"The U.S. is the best looking horse…at the glue factory."
http://www.ritholtz.com/blog/2010/05/bonds-are-fo…

]]> By: Monevator http://investorjunkie.com/2477/why-i-sold-stocks-in-my-taxable-account-today/#comment-1118 Monevator Wed, 12 May 2010 19:20:35 +0000 http://investorjunkie.com/?p=2477#comment-1118 Why not buy some European or UK equities with your strong dollar? The FTSE 100 (our top 100 shares in the UK) is yielding c.3.5%, and the forward P/E was only just into double digits last time I looked. Better still, c.70% of earnings are from overseas, including big exposure to emerging markets. You might even get a currency benefit if we ever see £1:$2 again. Why not buy some European or UK equities with your strong dollar?

The FTSE 100 (our top 100 shares in the UK) is yielding c.3.5%, and the forward P/E was only just into double digits last time I looked. Better still, c.70% of earnings are from overseas, including big exposure to emerging markets.

You might even get a currency benefit if we ever see £1:$2 again.

]]> By: Investor Junkie http://investorjunkie.com/2477/why-i-sold-stocks-in-my-taxable-account-today/#comment-1108 Investor Junkie Wed, 12 May 2010 15:13:29 +0000 http://investorjunkie.com/?p=2477#comment-1108 I did it last Friday. The stocks I sold since then gained approx. 3%. Would I have been better off? Of course yes, but I don't look to time the market. I been looking for a point to sell some of the taxable stocks and move it into our Roth IRAs. That was my primary motive. The sale was less than 5% of my taxable portfolio so in the end it wouldn't of made a huge difference when I specifically sold. I did it last Friday. The stocks I sold since then gained approx. 3%. Would I have been better off? Of course yes, but I don't look to time the market. I been looking for a point to sell some of the taxable stocks and move it into our Roth IRAs. That was my primary motive. The sale was less than 5% of my taxable portfolio so in the end it wouldn't of made a huge difference when I specifically sold.

]]> By: Daddy Paul http://investorjunkie.com/2477/why-i-sold-stocks-in-my-taxable-account-today/#comment-1093 Daddy Paul Wed, 12 May 2010 03:29:53 +0000 http://investorjunkie.com/?p=2477#comment-1093 I hope you did this Monday not late last week. I never sell into weakness. I hope you did this Monday not late last week. I never sell into weakness.

]]> By: Robert http://investorjunkie.com/2477/why-i-sold-stocks-in-my-taxable-account-today/#comment-1049 Robert Sat, 08 May 2010 01:19:53 +0000 http://investorjunkie.com/?p=2477#comment-1049 Yes, if you can't afford to do both, I can understand the desire to have capital available for investments outside "protected" accounts. For myself, three years ago, (at age 47), I finally had the resources to max out both Roth IRAs, my Simple, and my wife's Sarsep. I want as much money growing tax deferred as possible. Not eligible for Traditional IRA, so Roth it is. Now at 50, I'm just now gathering some money for capital to start diversifying outside the stock market. Just threw $10k at Lending Club and I should have $4k per month the rest of the year to set aside for capital investment opportunities. Yes, if you can't afford to do both, I can understand the desire to have capital available for investments outside "protected" accounts. For myself, three years ago, (at age 47), I finally had the resources to max out both Roth IRAs, my Simple, and my wife's Sarsep. I want as much money growing tax deferred as possible. Not eligible for Traditional IRA, so Roth it is.

Now at 50, I'm just now gathering some money for capital to start diversifying outside the stock market. Just threw $10k at Lending Club and I should have $4k per month the rest of the year to set aside for capital investment opportunities.

]]> By: Investor Junkie http://investorjunkie.com/2477/why-i-sold-stocks-in-my-taxable-account-today/#comment-1046 Investor Junkie Fri, 07 May 2010 20:13:28 +0000 http://investorjunkie.com/?p=2477#comment-1046 Hey Robert, Thanks for commenting. I thought about doing this, but at the moment prefer to invest what's remaining in taxable accounts (ie for real estate or another business). With an IRA while possible to do this is much more difficult. I want to keep retirement accounts specifically for retirement and taxable accounts for RE and businesses. We also are way ahead with our existing retirement accounts amount for our age. For someone else who does not have much in their retirement accounts (especially if you are 40+ years old), I agree you are best to setup a SEP IRA. Keep in mind these accounts cannot be touched until at least 59 1/2 years old. Maybe next year I'll be motivated to setup a SEP IRA with the higher tax rates. I personally like to have 20-30% of our entire net worth in taxable accounts. You don't have to worry about government risk (ie changing tax rules) in a taxable account and can be used for any investment you like. Hey Robert,

Thanks for commenting. I thought about doing this, but at the moment prefer to invest what's remaining in taxable accounts (ie for real estate or another business). With an IRA while possible to do this is much more difficult. I want to keep retirement accounts specifically for retirement and taxable accounts for RE and businesses.

We also are way ahead with our existing retirement accounts amount for our age. For someone else who does not have much in their retirement accounts (especially if you are 40+ years old), I agree you are best to setup a SEP IRA. Keep in mind these accounts cannot be touched until at least 59 1/2 years old.

Maybe next year I'll be motivated to setup a SEP IRA with the higher tax rates. I personally like to have 20-30% of our entire net worth in taxable accounts. You don't have to worry about government risk (ie changing tax rules) in a taxable account and can be used for any investment you like.

]]> By: Robert http://investorjunkie.com/2477/why-i-sold-stocks-in-my-taxable-account-today/#comment-1045 Robert Fri, 07 May 2010 20:03:30 +0000 http://investorjunkie.com/?p=2477#comment-1045 IJ, why don't you have a SEP set up? I use a Simple because at the time, it allowed a larger deduction for a lower income level. IJ, why don't you have a SEP set up? I use a Simple because at the time, it allowed a larger deduction for a lower income level.

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