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Election, Capitol gain rates and market timing what should I do??
mike b
06-01-2008, 12:48 AM | Post #2523460
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Over the last ten years my dad has been investing 25 dollars a month into Legg Mason partners lifestyle fund (SHBX) for me… This money is in a personal account (non IRA). I am wanting to sell my shares I have in this fund to pay off some debt I have. I have heard that if a Democrat is elected president the capitol gains tax is going to be increased considerably. I am thinking there is a good chance that Oboma will be elected.. As of 5-30-08 this fund closed at 14.60 a share, it has a 52 week range of 13.38 to 16.87... I would like to sell as high as I possibly can before the election, so should I sell now or wait a few more months in hope of the funds value will increase beyond where it is now?
Thanks for any advice
Topics
52 week
funds
IRAs
Legg Mason
lifestyle
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