I have about 50K in 5-6 stocks. I have been losing since the ’08 meltdown (prior to ’08 had 70-80K).. I know its time to put the money in a different investment but not sure what. Maybe an ETF, mutual fund or index fund? That’s where I need direction. I currently put money into deferred comp, I have IRA’s and annuities and hopefully will still have my pension when the time comes. I’m currently 45 years old. Any help would be appreciated. My stock broker keeps telling me to hang on but I’ve had it with losing.

Terry Says:  I think you need a completely different approach.  The stock market has almost tripled since the 2009 bottom!  It’s hard to see how you could be losing money.  I suggest you contact Vanguard or Fidelity (800-VANGUARD or 800-FIDELITY) and talk to one of their representatives about moving your month there, and getting some diversification advice.  It’s free (at this level of assets) and its easy.   If the stock investments are inside an IRA, they will handle the paperwork for a rollover.  If it is outside an IRA, you may have to sell all the stocks (giving the broker another round of commissions) unless they will help you do an account transfer to Fidelity Brokerage.  There you can sell for less, then follow their advice to a diversified portfolio of mutual funds.

Don’t procrastinate.