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Personal Finance and Investing

Lisa0825

(14,487 posts) Wed Mar 22, 2017, 02:08 PM Mar 2017

Advice? I sold my mutual fund. What to do with the $ now? [View all]

Hello all - Most of my retirement money is in the Teacher's Retirement System of Texas, and I have no control over it. But I do have a rollover IRA that I have played around with over the past 8 years. I bought several individual stocks and one mutual fund.

I decided to sell my one mutual fund because I really think we are due for a correction. (I'm not messing with the individual stocks.) I am trying to decide what to do with the $ now ($4700). I have been reading up on bonds, bond funds, money market, and what to do in a bear market, but frankly, I don't have a head for finance, and find it confusing. So I thought I'd ask my DU buddies for input/advice.

My situation is: Single, 48yrs old, at least 15 yrs until retirement, wanting to buy a house in 2 years, minimal debt.

Thanks for any advice

21 replies

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Advice? I sold my mutual fund. What to do with the $ now? [View all] Lisa0825 Mar 2017 OP

Yikes, So difficult to give a correct answer. There is none. pangaia Mar 2017 #1

Thanks! yeah, I am looking for SAFE right now, to wait this out. Lisa0825 Mar 2017 #3

put it into a high-yield savings account ginnyinWI Mar 2017 #2

Thank you! I will look up Syncrony! Lisa0825 Mar 2017 #4

ALWAYS CONSIDER THE RATE OF INFLATION bresue May 2017 #19

You will also pay tax on gains. BSdetect Jun 2017 #20

The OP's account was an IRA, so taxation of capital gains, dividends and interest isn't an issue. A HERETIC I AM Jun 2017 #21

Index funds with low fees seem to be the way to go. Nitram Mar 2017 #5

Here's the one I am looking at now: Vanguard Total Bond Market Index Fund ETF Lisa0825 Mar 2017 #6

All our mutual fund investments are with Vanguard. they are reliable. Nitram Mar 2017 #7

Personally, I would avoid bond funds right now..... lastlib Mar 2017 #12

What would be your suggestion for something safe to put it in? Lisa0825 Mar 2017 #13

Not a lot of really likeable options in the current environment, I'm afraid... lastlib Mar 2017 #16

Thanks for the suggestions! Lisa0825 Mar 2017 #17

Both the Class "A" and "C" shares of the fund you mention have a $1,000 minimum purchase A HERETIC I AM Mar 2017 #18

If you are looking to buy a house in two years, PoindexterOglethorpe Mar 2017 #8

That particular account is a rollover IRA from a previous job's retirement. Lisa0825 Mar 2017 #9

Yes, that's right. PoindexterOglethorpe Mar 2017 #10

Great advice, thank you! Lisa0825 Mar 2017 #11

You have numerous choices. A HERETIC I AM Mar 2017 #14

Thank you for the input! Lisa0825 Mar 2017 #15