I hate selling stocks, but basically I am trading one investment for another. My wife goes back to school next month for post graduate stuff to get her teaching credentials. She was unhappy in her previous job for years. Now she will become a teacher. But the college tuition will cost about $30,000! Ouch! I had over $17,000 in my regular brokerage account. I also have over $4,000 in company stock, and some stock options which will need to be exercised in the next year or two. I don’t want to borrow money to pay for the school. So I sold some stocks. I had been considering selling some of the stocks, and buying more of the ETFs. So I will keep the ETFs for last, and sell the stocks first. I sold my shares of Cabela’s, Carnival, Lowes, and Target. Each of these is a good company, but they also have strong competitors such as Bass Pro Shops, Royal Caribbean, Home Depot, and Walmart. I still need to sell something else to cover her first semester’s tuition.
But once she becomes a teacher, she will be getting good benefits, and a fairly good salary. Hopefully she will be happier. And then we can start building up our savings again. I am still contributing the max to my 401k, and she still has a couple 401ks with some good money in them.
Can’t your wife get secured loans to cover tuition? If so the Gov. pays the interest until she graduates so you get to let your investment grow. Then just pay the loans off whenever she graduates. Hopefully your investment has grown by then.
Comment by Sean — November 4, 2007 @ 9:17 am
This is very noble of you. But, i suppose it is all worth it in the end. I would look into getting a grant from a local education authority though if possible. Good luck with it all.
Comment by Kristina — March 14, 2008 @ 6:50 am
Hi, I also hate selling stock but life must go on.
Comment by Dave — March 19, 2008 @ 6:46 am