Thursday, July 19, 2018

Selling Everything

Well, in my mother's former account. Apparently the main (international) bank doesn't care that we the estate hasn't yet completed probate. Another local bank is, by contrast, very concerned about that. If we sell and go to cash, apparently we avoid paying this investment bank's very high fees. The account has returned practically nothing after fees in the last three years. August and September are historically bad months for equities (though only about 20% of the account is in equities). As we want to sell in the end anyway, it makes sense then to sell now. The plan is to hold everything in US Dollars in the interim.

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