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Money Rehab with Nicole Lapin

"When Can I Cash Out Some of My Investments?" (Listener Question)

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.61.7K Ratings

🗓️ 3 January 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Money Rehab Jen is investing and seeing her money grow; now she wants to know... when can she actually benefit from those gains and take some money out of her brokerage account? Nicole shares tips investors can use for deciding when, and how much, to take out of their investments.

Transcript

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0:00.0

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

0:07.0

It's time for some money rehab.

0:11.0

When it's One of the things I love about doing this show is that I hear from people with all

0:17.7

sorts of money questions from all walks of life with all different situations

0:22.3

from people with debt and bad credit to people

0:25.2

who are newbie investors with big dreams to even Wall Street pros. No one and

0:30.5

nothing is off limits no one is immune for money rehab.

0:33.8

Today I have a question from a money rehabber who has hit quite a few landmarks on her money journey.

0:38.4

Not only is she goals, but she is also a good reminder that even if you have your financial life in so called good shape,

0:44.8

there is always room to learn and improve.

0:47.8

Here she is.

0:48.8

Hey Nicole, my name is Jen Sunday.

0:52.3

Wow, what an absolute honor it is to be able to ask a question on money rehab the podcast of my hero Nicole Lappin. I'm fan-girling so hard right now.

1:01.0

Okay, I digress Here is my situation. I am trying to create

1:05.8

additional revenue streams through investing in dividend stocks. I'm a new mom

1:10.0

and I work full-time so the time I used to dedicate to my side hustle is now spent elsewhere, at least for now.

1:17.0

To date, I have solely chosen to reinvest any dividend revenue I earn.

1:21.0

Is there a ratio that you could recommend of how much I should

1:24.1

set to reinvest versus how much I should set to pay out so that I have additional

1:28.5

money coming in? Thank you. Jen, sis, creating an asset that can grow in value

1:34.5

I am so proud of you you are absolutely killing it also you just are the best and

1:38.1

made my day but also you have been setting aside money on creating an asset that can grow in value or be used as an income stream in times of need like now.

...

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