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Afford Anything | Make Smart Money Choices

Ask Paula: The Market Might Drop. Should I Sell?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 4 July 2016

⏱️ 41 minutes

🧾️ Download transcript

Summary

#32: Should you sell your stocks, given that we might be heading for a possible downturn? Also, what are the downsides of index funds? Should you invest in out-of-state rental properties, and if so, how can you figure out where to look? These are just a few of the many questions Paula answers in this week's Q&A episode. Enjoy. For more information, visit http://podcast.affordanything.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to the Afford Anything Podcast.

0:06.3

This is the podcast that understands that you can afford anything, but not everything.

0:11.5

So our job is to be incredibly deliberate about how we spend our most limited resources,

0:16.8

our time, our money, and our life.

0:19.8

I'm your host, Paula Pant, and today is the first Monday of the month, which means we're

0:24.1

going to do an Ask Paula episode where I answer questions that you've sent in.

0:29.1

If anyone listening wants to send in a question for a future episode, you can do so at

0:33.3

AffordAnything.com slash voicemail.

0:38.0

Our first question comes from David.

0:40.3

Hey, Paula P. Steve.

0:42.3

I haven't had my coffee yet, but I wanted to kind of keep it real because I know that's

0:47.2

what you like to do, Paula, on your website.

0:49.8

Let me give you some details about my life.

0:52.0

I'm in medical field, and it's a very stressful job.

0:55.5

I'd like to retire as soon as I can because I don't know how much longer I can keep doing

1:00.6

what I'm doing.

1:01.6

In 2007, I inherited $120,000 when my mom passed away.

1:07.3

And all that money was invested in Edward Jones stocks.

1:10.6

So far, that stock portfolio has not been performing as well as I'd like.

1:15.2

It took a big dive in 2008, and to this date, I've only made $30,000.

1:22.2

So I'm contemplating about selling that stock and getting into real estate.

1:26.0

So far, what I have is two real estate properties that I love.

...

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