Q&A: Should You Cash Out Your ETFs? The Hidden Consequences of That Decision …

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 4 March 2025

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

#587: Debi is stressed about saving a down payment to buy a house in her high-cost-of-living area. Should she cash out her brokerage account to speed up the process? Lucas and his wife are high earners, but they’re tired and ready for a change. What strategies can they use to maximize their investments and confidently step away from their jobs? Grant is thrown off by recent discussions about the efficient frontier. It sounds a lot like market timing to base an investment strategy on an arbitrary set of historical dates. What’s he missing? Former financial planner Joe Saul-Sehy and I tackle these questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/voicemail For more information, visit the show notes at https://affordanything.com/episode587 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Joe, would you ever live in New York City?
0:02.5	At this point, I wouldn't, but I'll tell you this, if I were 25 right now, hell yeah, I would.
0:08.6	Ah, what about with your kids?
0:10.7	Like when your kids were young, would you live with them there?
0:13.1	I think I would, absolutely, yeah.
0:15.5	Awesome.
0:16.1	I think there's so many opportunities.
0:17.9	There's so many things to see.
0:19.1	There's so much art and culture, which we're totally into. Yeah. Well, we are going to answer a question today from someone who lives in New York.
0:25.5	She's about to have a baby, and she is wondering, rent or buy. We're also going to answer a question
0:31.2	from a caller who he and his wife make a fantastic income, and they're using that to make big contributions to their
0:39.5	taxable brokerage account so that they can have FU money and choose to walk away from
0:45.2	their jobs at some point in the future, if they ever decide that they are tired of the grind.
0:50.3	And we're going to close with a question from someone who is wondering, why do we keep
0:55.3	citing the year in 1970 when we talk about the efficient frontier? All that in one episode?
1:00.7	Absolutely. So buckle up. Welcome to the Afford Anything podcast, the show that understands
1:05.6	you can afford anything but not everything. Every choice carries a tradeoff. And that applies to your money, time,
1:11.8	focus, and energy. The show covers five pillars. Financial psychology, increasing your income,
1:17.5	investing, real estate and entrepreneurship. It's double eye fire. I'm your host, Paula Pant.
1:22.8	I trained in economic reporting at Columbia. Every other episode, I answer questions from you,
1:27.3	and I do so with my buddy, the former financial planner, Joe Sal C-high. Every other episode, I answer questions from you, and I do so with my
1:28.2	buddy, the former financial planner, Joe Sal C-Hi. What's up, Joe? It's a great day to be here.
	...

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