And thanks for your 2 cents. I like to get another opinion which is precisely why I wrote what I did. :) That has also been my argument at times, 10% penalty vs. possible 30% potential loss. Every time the dow goes up I say I’m going to sell and he tells me to just be patient but the volatility these past few months added to other financial news is making me quite nervous.
The inflation is another good argument. I know our food bill has gone up quite a bit despite the “low rate of inflation” we’ve had.
You're most welcome. It's good you are both weighing your options, and it's good to have options - some folks don't. And don't forget about partial options (i.e., taking one bird out of the bush and leaving the other to grow - maybe. :-)).
Back in the 70’s when food and housing were included in the COL index, the inflation rate was north of 9%.
I remember grocery shopping when the prices on food, increased daily. Canned goods were remarked several times a day and a can would be covered by numerous stickers.
Sometime later, food and housing were removed from the Index and voila, we had lower inflation.
Trust your instincts. We are so post-1984 that it’s frightening. Yet what can one individual do?
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