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<blockquote data-quote="UPS Lifer" data-source="post: 191638" data-attributes="member: 9789"><p>I have read all of the posts regarding your question. Their are some insightful suggestions, but there are others that I would beware of. For example, selling 85% of your investment or holding onto 100% of your investment may work for some people based on their own situation. </p><p></p><p>Your situation is unique and needs to be addressed by a financial planner or your CPA. Here are just a few of the questions that need to be answered and analyzed to give you the best advice.</p><p></p><p>I don't suggest that you answer any of these questions in this forum. Think about your answers and ask a professional.</p><p></p><p>What is your risk tolerence?</p><p>When do you plan on retirement?</p><p>How much money or cashflow do you need to retire for the lifestlye you want to have?</p><p>How far are you toward those goals?</p><p>How much can you afford to save?</p><p>How much debt have you accumulated?</p><p>Do you have other assets that could help diversify your portfolio?</p><p>Do you own your own home? Are there reserves that can be tapped?</p><p>How much gain have you made on your stock? </p><p>How about your stock...do you have enough to hypothicate it?</p><p>Are you willing to pay the tax consequences? </p><p>Do you understand the Alternative Minimum Tax Structure? (You could get hit with additional tax depending on how much stock you sell and what the gain is.)</p><p></p><p>If you do not have all the answers to the questions above...get help from a professional.</p><p></p><p>UPS is a solid investment...but it may not meet your needs. Remember - the higher the risk the higher the return (but you could lose more than you bargained for).</p><p></p><p>I have 6 different investment counselors that provide me with information.</p><p>Each has told me not to sell all my stock. One is a tax attorney, another a CPA, another is CEO of one of the largest commercial real estate companies in America, one is from Merrill Lynch, one is from Smith Barney and one is from Banc America. </p><p></p><p>Where do you turn if you don't already have an advisor?</p><p>Go to someone you personally know that is a successful investor and get a recommendation. Best advice is to get someone who is a financial planner who does not sell other services.</p></blockquote><p></p>
[QUOTE="UPS Lifer, post: 191638, member: 9789"] I have read all of the posts regarding your question. Their are some insightful suggestions, but there are others that I would beware of. For example, selling 85% of your investment or holding onto 100% of your investment may work for some people based on their own situation. Your situation is unique and needs to be addressed by a financial planner or your CPA. Here are just a few of the questions that need to be answered and analyzed to give you the best advice. I don't suggest that you answer any of these questions in this forum. Think about your answers and ask a professional. What is your risk tolerence? When do you plan on retirement? How much money or cashflow do you need to retire for the lifestlye you want to have? How far are you toward those goals? How much can you afford to save? How much debt have you accumulated? Do you have other assets that could help diversify your portfolio? Do you own your own home? Are there reserves that can be tapped? How much gain have you made on your stock? How about your stock...do you have enough to hypothicate it? Are you willing to pay the tax consequences? Do you understand the Alternative Minimum Tax Structure? (You could get hit with additional tax depending on how much stock you sell and what the gain is.) If you do not have all the answers to the questions above...get help from a professional. UPS is a solid investment...but it may not meet your needs. Remember - the higher the risk the higher the return (but you could lose more than you bargained for). I have 6 different investment counselors that provide me with information. Each has told me not to sell all my stock. One is a tax attorney, another a CPA, another is CEO of one of the largest commercial real estate companies in America, one is from Merrill Lynch, one is from Smith Barney and one is from Banc America. Where do you turn if you don't already have an advisor? Go to someone you personally know that is a successful investor and get a recommendation. Best advice is to get someone who is a financial planner who does not sell other services. [/QUOTE]
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