Wikipedia:Reference desk/Archives/Miscellaneous/2016 December 9

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December 9

Stock divestment

advice of the sort of which we do not give. Seek a professional. --Jayron32 14:44, 9 December 2016 (UTC)
The following discussion has been closed. Please do not modify it.
It is my belief that once Donald Trump takes office, the economy in the U.S. (if not the world) is going to nosedive. I have approximately three quarters of my life savings in stocks, and the stock market it at historic highs. I want to sell all my stocks and soon. I have two questions. Does anyone know of any way to sell or convert stocks by some manner that results in less capital gains taxes? Does anyone know if there is a type of firm/company/job title, that specializes in divestiture for someone for maximum value (e.g., if not specifics, then leads for the types of words I would Google for something like that)? I am in the New York City area. Thank you. 67.244.114.239 (talk) 13:36, 9 December 2016 (UTC) We don't offer advice on tax evasion.DOR (HK) (talk) 14:19, 9 December 2016 (UTC) This seems rather harsh. There's a difference between tax evasion and avoidance. 86.176.120.111 (talk) 16:37, 9 December 2016 (UTC) The OP needs to find a tax attorney and/or an accountant. ←Baseball Bugs What's up, Doc? carrots→ 17:16, 9 December 2016 (UTC) We don't offer accounting advice, we don't offer financial advice. You need a certified professional. Wikipedia reference desks cannot and will not do this for you.--WaltCip (talk) 17:38, 9 December 2016 (UTC) Note that in times of economic distress, fiat currency and many stocks can lose substantial value, because the value of those items is based almost entirely on what we believe them to be worth. Items with intrinsic value, on the other hand, like gold, may even go up as people buy them up. Real estate is somewhere in between. That is, while it does have an intrinsic value, the current value of real estate in some areas often forms a bubble with values far exceeded this intrinsic value (such as what you can get by renting it out). StuRat (talk) 18:52, 11 December 2016 (UTC)