Last time I wrote, I had lined up an appointment with a financial adviser to help me sort out an asset allocation for my portfolio -- the taxable and tax-deferred accounts.
Well, the purpose of the taxable account has always been in theory to use as a downpayment for an apartment. However, I've been looking for said apartment since 2003. I flip flop all the time about what I think I want. I've looked at co-ops in Queens for $255,000 and more recently 1 bedrooms in Brooklyn for $540,000 and 2 families for $800,000. And in between pondered buying a place in the country (having looked in the Catskills once and online constantly).
So, combined with my belief that there are no fundamentals underlying this recent market rally, I've started to feel like maybe I should just cash out the taxable account and keep it in cash. Someday hopefully within the next year I might actually decide on buying a place and might need that $ to supplement my cash savings. So I'm starting to think going to see the financial adviser might be pointless since a good chunk of my portfolio could be converted into cash.
I'm sure I'm not the only one who has problems pulling the trigger on the real estate gun. My hemming and hawing has actually served me well. I missed the whole crazy bubble.
For now I have to decide if I have the courage of my convictions and can actually liquidate my whole taxable account.