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Should I sell my airline and cruise stock?
I bought them cheap but I also didn t let my wife know about the purchase. I am the only one working full time i put in about $4500 in stocks including Disney average shares of 19 carnival, Norwegian, delta, united, jet blue, etc. I am wondering if I should just sell I feel like I keep just checking robinhood on a daily basis I feel like its unhealthy. I also know savings account like wealthfront only offer 0.26% annual interest. Besides that I only have savings of about $7k with $320k student loans from pharmacy school at 4.1% 10 years. I was told to keep these stocks for 2 years to see something.
3 Answers
- AnonymousLv 712 months agoFavorite Answer
Your lack of confidence is disturbing. If you are going to be buying airline stocks, you are betting that once the virus has passed, the stocks will go back up close to their pre-crash prices. I don't know why you spread $4500 over 19 stocks. The trading commissions make your holdings extremely fee inefficient. At the end of the day, $4500 is not a lot of money. That's probably one years worth of savings if you work a $50000/year job and commit to saving. Your debt problem is even more scary than your lack of confidence. If you want a guaranteed rate of return, start paying off those student loans. That's 4.1% without getting taxed.
- BillLv 612 months ago
I call BS. Nobody racks up $320,000 in student loan debt getting a pharmacy degree.
- Anonymous12 months ago
Scary how clueless so many are regarding stocks.
