Would love some perspectives on a personal portfolio. 30% of the portfolio is in one stock. The other 70% is in a diversified blend of stocks and bonds. If I could unwind the 70% into a Boglehead portfolio I would but in general it is a collection of stocks and bonds with low cost so I'm comfortable with it. I am looking to move out of the 30% position. As it stands there is approximately 450k in capital gains that would be taxed associated with the 30% position. I would move essentially 33% to bonds and 67% to a split of vti/vxus if I did sell. My hesitation is that although the gains are 450k (single filer in a high tax bracket and high tax state) the stock is down significantly from its all time high. I don't want to be panic selling when its low (even though its still up over the time I've held it) but my boglehead philosophy reminds me I can't time the market. Should I bite the bullet and do it immediately?
Thoughts, encouragement, derision?
Thoughts, encouragement, derision?
Statistics: Posted by Miniboarder — Wed Aug 07, 2024 10:11 pm — Replies 0 — Views 142