Author Topic: Sold my last stock.  (Read 3414 times)

TomTX

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Sold my last stock.
« on: March 13, 2014, 05:32:50 PM »
As of this week, I no longer own any individual stocks. 10 years ago, I did quite a bit of active trading - but really, it wasn't worth it. I held onto one longshot (CRAY) I had bought cheap - but over the weekend, I decided it was time to consolidate everything to Vanguard and set the wheels in motion to transfer everything over. Monday, I sold off the longshot*, and everything will be indexes.

I just no longer have the time or inclination to properly evaluate individual stocks. Therefore I don't really have business leaving money in individual stocks.

*Yes, it did pay off well enough. Almost quadrupled in value. But it could have also gone to zero.

arebelspy

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Re: Sold my last stock.
« Reply #1 on: March 13, 2014, 05:35:59 PM »
I say congratulations are in order.  :)

Smart decision, IMO.   Now it's fairly simple: stay the course.
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James

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Re: Sold my last stock.
« Reply #2 on: March 13, 2014, 05:46:57 PM »
Congrats!


Last year I moved the last of my money from managed funds to index funds, which felt great also.

TomTX

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Re: Sold my last stock.
« Reply #3 on: March 14, 2014, 06:27:19 AM »
I got out of my only managed fund around 1993, cashed it in for college expenses. I had accumulated some money from working in high school, and had invested with a monthly contribution.

Figuring out my tax basis by hand was a real PITA.

soccerluvof4

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Re: Sold my last stock.
« Reply #4 on: March 14, 2014, 06:59:25 AM »
Congrats on your decision. I am an active trader (also am in index funds) but I am sure I too am getting closer and closer after 15+ years to move out of doing it myself. As of now I still enjoy tremendously doing it, but my time needed for research etc..will take a major hit soon with 4 kids (2 in high school). I Respect your decision on the move and good luck!! .

TomTX

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Re: Sold my last stock.
« Reply #5 on: March 15, 2014, 02:22:38 PM »
Now it's just waiting for Vanguard to actually process the paperwork, and TDAmeritrade to transfer over the $$

TomTX

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Re: Sold my last stock.
« Reply #6 on: April 01, 2014, 08:14:38 PM »
Um. Oops. I do still own some stocks. Until the market opens tomorrow, anyway.

Had a rollover IRA, also at TD Ameritrade - but unlike Vanguard, they don't automatically link the accounts - so I missed it in my initial "account roundup."  Gah, 4 different IRA accounts (not 3). Plus a 401(k) at my current employer.

So, shame on me for not catching it the first time. Haven't looked at it in almost 8 years (Yes, more evidence I should not be holding individual stocks.)

I'll be consolidating this one over to Vanguard as well. All of my IRAs in one place.