I am in the process of doing some remodeling on my house. Watching the stock market, I am trying to figure out if it would be better to sell some stock to pay for it or it use a low interest credit card for right now till the market looks a little better. What is your advice for me? Thanks for any advice.
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posted: Oct. 20, 2016 @ 5:47p
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Senior Member - 8K
Oct. 21, 2016 @ 2:47p
posted: Oct. 20, 2016 @ 5:53p
How should we know? Your guess is as good as mine.
There's no reason to lower your allocation to stock just because you need cash for something. Just sell an equal amount of whatever you're holding, stocks, bond, foreign stock,etc. if you're 100% in equities, then good luck.
I realize that no one knows for sure about the market. I have a mutual funds and I was just wondering if I should go ahead and charge it for now until the stock market is doing a little better to sell. I am hoping that after the election, it will do a little better and then sell, but I know everyone would be guessing on this. I was just wondering and thought I could get a friendly answer here.
I do some financial modeling and my personal forecast based on recent data is that stocks are likely to have a pullback. That said, I wouldn't trust someone on the internet until I had reviewed their work/track record.
I think different people will likely have different recommendations so you have to do what you feel best fits your situation.
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