So, if you sell your stocks you won't have 80% of your money but only 70% left if any Capital Gains taxes are due. However, if you are selling at a loss from where you invested this money that is considered too I believe in selling your stocks. So, do your research before you sell any stocks at all in this market.
You don't want to be paying 20% Capital Gains tax to the Federal Government AND 10% Capital Gains taxes to California too unless you have no other choice in this investment emergency for many people who cannot afford to wait 5 to 10 years for their stock prices to recover from all this.
And I would say we might be nearing a complete crash like in 1929 because of What Trump just did today too.
And who would benefit the most from this crash?
Billionaires and Millionaires who went into Cash away from Stocks and Bonds in preparation to make a killing on the forced sale of stocks by the middle Class and poor who cannot afford to be separated from their money for 5 to 10 years to wait for the market to recover (as it almost always does within 10 years).
Even during the Great Depression many or most stocks were starting to recover by World war II to their values before 1929 and the crash.
And I think Municipal Bonds likely were the safest (depending upon the place of course) during the Great Depression. So, if you go into Municipal Bonds be sure to do enough research so your municipal bond area or areas aren't near bankruptcy already. Because during the Great Recession many Municipal areas went bankrupt and many bond investors lost 100% of their investments into those bonds.
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