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<p>[QUOTE="geekpryde, post: 4233416, member: 36248"]Absolutely love it that you're investing in a such a young age. I started around age 14, I had to have my mother set up UTMA accounts for me.</p><p><br /></p><p>I would strongly recommend that you do not sell your stocks. I am hoping that you're in something broadly diversified like a s&p 500 index fund, perhaps a low cost mutual fund that owns a mix of US stock index, international stock index, and in gov and corporate bonds. But regardless even if you own individual stocks, as I did when I was young, you have an exceedingly long time before you need to wind down these investments. This Long time horizon allows you to absorb even very long periods of a depressed stock market. Contrary to what many people will tell you, That's exactly what you should be hoping for! If you can accumulate twice as much stock in corporations over the next 10 years, while hypothetically prices are cheap, that will have a dramatic positive effect for you in the very long term. Think of any stock market crashes like a 20% to 30% off sale.</p><p><br /></p><p>I assume you don't have earned income yet, and probably have a taxable brokerage account. A UTMA or UGMA. Keep in mind, any selling of stocks will likely result in capital gains. In short, you'll have to give up a chunk of your profits to the government. (If you do somehow have your own income from working, possibly also set up a retirement account that's tax advantaged. A your age a Roth would be amazing. )</p><p><br /></p><p>I think you should think of precious metals and/or coins as a hobby and not as a investment. if you insisted on investing some portion of your money in precious metals, say you should not go more than 10%. Personally I probably would only do 5% max. You don't need to sell your stocks to accomplish that 5%. Put any new monies that you would invest in stocks into the PMs until you reach that threshold. That way you can keep hold of the stocks you have now, and not sell them in a down market, and avoid any capital gains.</p><p><br /></p><p>I have a lot more to say on this subject but I'll leave it at that for now.</p><p><br /></p><p>Keep up the good work and continue to invest in stocks for the rest of your life. Don't have a short-term mentality when it comes to investing, think for the long term.</p><p><br /></p><p>Accumulate accumulate accumulate.[/QUOTE]</p><p><br /></p>
[QUOTE="geekpryde, post: 4233416, member: 36248"]Absolutely love it that you're investing in a such a young age. I started around age 14, I had to have my mother set up UTMA accounts for me. I would strongly recommend that you do not sell your stocks. I am hoping that you're in something broadly diversified like a s&p 500 index fund, perhaps a low cost mutual fund that owns a mix of US stock index, international stock index, and in gov and corporate bonds. But regardless even if you own individual stocks, as I did when I was young, you have an exceedingly long time before you need to wind down these investments. This Long time horizon allows you to absorb even very long periods of a depressed stock market. Contrary to what many people will tell you, That's exactly what you should be hoping for! If you can accumulate twice as much stock in corporations over the next 10 years, while hypothetically prices are cheap, that will have a dramatic positive effect for you in the very long term. Think of any stock market crashes like a 20% to 30% off sale. I assume you don't have earned income yet, and probably have a taxable brokerage account. A UTMA or UGMA. Keep in mind, any selling of stocks will likely result in capital gains. In short, you'll have to give up a chunk of your profits to the government. (If you do somehow have your own income from working, possibly also set up a retirement account that's tax advantaged. A your age a Roth would be amazing. ) I think you should think of precious metals and/or coins as a hobby and not as a investment. if you insisted on investing some portion of your money in precious metals, say you should not go more than 10%. Personally I probably would only do 5% max. You don't need to sell your stocks to accomplish that 5%. Put any new monies that you would invest in stocks into the PMs until you reach that threshold. That way you can keep hold of the stocks you have now, and not sell them in a down market, and avoid any capital gains. I have a lot more to say on this subject but I'll leave it at that for now. Keep up the good work and continue to invest in stocks for the rest of your life. Don't have a short-term mentality when it comes to investing, think for the long term. Accumulate accumulate accumulate.[/QUOTE]
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