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Cardinal1922, in a further query on his fund holdings, asks:

Fidelity Magellan has been very good for me, but I plan to get out of funds and completely into stocks. It will take another two years before it will be worth it, but once done, would it be more Foolish to cash out at once, or over the course of a year? And if I cash out at once, where is the best place to put the money while waiting to invest in stocks? It seems it would be the Foolish thing to do to invest over the course of the year in case the market goes up or down.

Again, this is a decision for you and you alone to make. You can dollar-cost-average into the market, you can try to time it, or you can take the plunge. All methods have their advocates, and it's up to you to determine how confident you are in making that choice. I believe there's no "right" time to be in the market, only a "wrong" time to be out of it. I have also looked at numerous studies of averaging in over a year versus taking a plunge. All show that over the long term of 20 or more years the difference is negligible. But it's your call, and your decision.


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