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At a glance, I'm losing money? |
At a glance, I'm losing money in my IRA. The custodian is Pershing, LLC. I've lost in the following mutual funds (Class A): American Balanced Fund, Capital World Growth & Income, Fundamental Investors, Inc., Income Fund of America, Capital Income Builder Fund. it is an ira so the gains/loss are not subject to tax Unless you need it, leave it alone at this stage....the time to move money is when it is up, not after a drop....give it a couple more years for the thing to turn around....don't add any more though.....build a chunk of cash until you see the economy is closer to bottoming and then put it in. Losses in an IRA are not tax deductible. |
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