Ask Paula: I Sold All My Stocks Last Year. Now I'm Kicking Myself

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 16 August 2023

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

#457: Angie sold all the stocks in her retirement account last year. And now the market’s climbing. What should she do with her $500,000 cash position? Christina will be graduating with six figures of student debt. Should she refinance out of a federally protected loan to lower her interest rate? An anonymous caller wonders how Paula and Joe handled their primary residences when they moved out of state. Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/podcast-questions For more information, visit the show notes at https://affordanything.com/episode457 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.8	Hey, Joe, have you ever panicked sold your investments?
0:05.0	No, before I had any money, I was teaching other people
0:07.6	because I had a lot of great mentors
0:10.5	who were telling me that was the best thing
0:12.4	and I saw the science and I was like, okay.
0:14.4	Right, so as an advisor, you knew in theory,
0:17.3	not to panic sell even before you've had the money
0:19.8	to put it into practice for yourself.
0:21.3	And then I saw work over and over and over
0:22.9	whenever any of my clients wouldn't take by vice
0:25.1	and they panic sell, I would see the destruction.
0:28.6	And then the hand wringing, right?
0:30.6	The bigger thing is the hand wringing
0:31.8	because it's not just about selling, Paula.
0:34.2	It's about when the hell do I get back in?
0:36.2	Yeah.
0:37.4	Yeah, yes.
0:39.0	Well, we're about to solve that problem again.
0:42.4	We are about to.
0:44.3	So welcome to the Afford Anything Podcast.
0:46.4	The show that understands you can afford anything,
0:48.8	but not everything.
	...

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