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Politics : Ask Michael Burke

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To: Earlie who wrote (25353)	1/11/1998 9:35:00 AM
From: James R. Barrett	Read Replies (2) of 132070

Earlie, let's assume that the S&P 500 takes a 30% dive in the next three months. The real question, for me anyway, is how long it will take for the market to recover to where it is today. I could very easily pick up the phone tomorrow morning and exchange all of my stock mutual funds into bond funds or money market funds. The problem is I will owe the IRS thousands of $ in taxes next year. If the market recovers by Nov. or Dec. I will be kicking myself in the ass for selling in Jan. On the other hand if it takes 2 or 3 years for the market to recover I would be better off selling the stock mutual funds and put the cash into money market funds. What to do? What to do? I hate these decisions. Jim

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