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Course 504: When to Sell a Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Your Goals Change | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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You don't invest to win some imaginary race, but to meet your financial goals. As your goals change, your funds should change as well. Suppose you start investing in a balanced fund with the goal of buying a house within the next five years. If you get married and your spouse already owns a house, you may decide to use that money for retirement instead. In that case, you might ditch the balanced fund for a pure stock fund. Your goal and the time until you draw on your investment have changed. Next: You Just Can't Take It Anymore >> |
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Learn how to invest like a pro with Morningstar’s Investment Workbooks (John Wiley & Sons, 2004, 2005), available at online bookstores. | ||
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