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Happy Friday everyone :-)

Here's the deal - bought shares of 2 mutual funds in '96 - as you might expect, they took off in the gold rush, then dropped considerably. Not wanting to see them be reduced beyond what I initially invested, I cashed them out this summer.

Now...I'm working w/Turbo Tax & I'm trying to figure out just what I have to do (thankfully TT lets to manipulate data before submission!):

- How do I calculate the Cost/Basis? They were regularly turned over or whatever in terms of to me, it looks like they were regularly sold - or is this the initial cost back in '96? If I happen to not be able to locate the documentation for this - how do I go about finding it (the company we went thru subsequently sold off the fund portion of their business a few years tracking might be less than easy?)

- What about reinvesting in an IRA? I'm afraid that the money I put into an IRA now will just disappear into the abyss of the stock market.. and I don't see the market picking up too quickly.

- FWIW, as it stands I'll have to pay some taxes (not as bad as it could be thanks to college loan interest deductions - woohoo! :-) ) - but not a whole heaping lot - so should I just take the hit on paying taxes & wait it out a bit longer till I feel more comfortable investing again? The money is currently in my credit union savings...I'm thinking that at the least, an account with a higher interest rate is needed...

Anyway...thank you for the inputs...I really appreciate it! :-)

- C
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