Best way to get money out of the index right now?
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I was a little naughty and overexposed myself. I'm definitely not panicking and won't sell with the spread but I need to get 5k out of my 12k portfolio. Any idea on the best way at the moment. I have about 3 weeks to get the cash.
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Stick everything up for market sale and let it dribble in....then with a week to go IS some.
You will market sell £5k within 10 to 14 days I reckon - still plenty of activity and as long as you dont have Pukki or Benzima I think you will sell :-)
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@Tom7471 said in Best way to get money out of the index right now?:
I was a little naughty and overexposed myself. I'm definitely not panicking and won't sell with the spread but I need to get 5k out of my 12k portfolio. Any idea on the best way at the moment. I have about 3 weeks to get the cash.
I'll be honest Tom, you either bite the bullet or wait for the tide to turn.
Personally, I would sit on your portfolio for the next week at least and see if FI create any further incentives that might offer up an opportunity to sell some of your port at the actual sell price.
Instant sell has to be the last resort.
Best of luck.
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@Tom7471 said in Best way to get money out of the index right now?:
I was a little naughty and overexposed myself. I'm definitely not panicking and won't sell with the spread but I need to get 5k out of my 12k portfolio. Any idea on the best way at the moment. I have about 3 weeks to get the cash.
What happens if you don't have the cash after 3 weeks?
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With that time frame you should be able to raise the funds, maybe market sell 8'Ks worth and see where you are in 10 days time. If you're still struggling to sell then list everything. Don't IS until the very last chance
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What players do you own?
If you are in a situation where you need to sell then get them all in the queue right now - instant sell whatever is left in 3 weeks time (the spreads may be shortened slightly by then).
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@Yellow said in Best way to get money out of the index right now?:
@Tom7471 said in Best way to get money out of the index right now?:
I was a little naughty and overexposed myself. I'm definitely not panicking and won't sell with the spread but I need to get 5k out of my 12k portfolio. Any idea on the best way at the moment. I have about 3 weeks to get the cash.
What happens if you don't have the cash after 3 weeks?
The Bailiffs show up at the door, dressed in full hazmat protective suits, looking to take your TV, sofa and toilet roll ... 🤷🏼♂️ 👨🚀
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UEFA meeting today, PL meeting Thursday... I think FI will do some special to help us all out.
Wait until then and I'm sure a good chunk will market sell if they are the right players.
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@Tom7471 said in Best way to get money out of the index right now?:
I was a little naughty and overexposed myself.
You're not the only person to have ever done this, so don't get too down on yourself. You've taken the important first step, which is to admit that you've made a mistake.
Now you need to report the incident to the Police, take your punishment and rebuild your life afterwards. Everyone deserves a second chance.
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@Tom7471 said in Best way to get money out of the index right now?:
I was a little naughty and overexposed myself. I'm definitely not panicking and won't sell with the spread but I need to get 5k out of my 12k portfolio. Any idea on the best way at the moment. I have about 3 weeks to get the cash.
Hard to say without knowing your port. A lot of people are saying market list but if you have PB holds then you have very little chance of those market selling in the current marketplace.
Have you considered alternative ways of raising the cash? Sperm bank, organ donation, coronavirus vaccine testing lol
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@Yellow we basically I have promised someone a lump sum to invest in some property and I invested 5k extra into the index a couple of weeks ago which was very silly. I like to think I might be able to stall him as I would like to actually smash some more money in the index if I'm honest but I will definitely need to give him the money.
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@ChazFI123 great shout thanks.
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@Tom7471 someone's got a tax bill 😂
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@ocs123 I have told the police and I have had a written statement. I feel much better now, thanks for the advice. I think I'm going stick a few up market sell and cross my fingers :-)
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@MUFC hahaha
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@Tom7471 said in Best way to get money out of the index right now?:
I was a little naughty and overexposed myself.
I'm just not going there; List all your players to market sell, you will be amazed who is actually selling. I have had a fair few listed as part of a regular portfolio overhaul, nothing to do with CV panic, & most are selling normally, some even faster than normal. All sorts of players & positions sell everyday via Market sell, I'm amazed so many ppl believe IS is currently the only exit - IT'S JUST NOT TRUE, please always try MS first before resorting to IS as a last chance exit route.
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@Tom7471 said in Best way to get money out of the index right now?:
I was a little naughty and overexposed myself.
Happened to me too. I got 3 months Community Service and a severe telling off.
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@NewUser159387 agreed. Someone bought my 10 Antonio Puertas yesterday! 🤯
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Get a big bag, pop into a couple of hotels,pubs,
nick as much bog roll as you can get your hands on and then sell it on ebay.
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@Advinculas-Index I went up to visit my kids In Leeds and York at the weekend (work and Uni).
paid £90 for the B+B
But.....they left 2 full toilet rolls in the en-suite, so as soon as the E-Bay auction ends I should be in profit
