<title>Pick which investments to sell to make a purchase</title>
<category>lifeplan</category>
<klink type="prcdr">How do I choose which investments to sell to make a purchase?</klink>
</index>
<content>
<p>You can use the Purchase Wizard to hand-pick which investments you want to sell to finance your purchase. You can also include investments you might consider selling. </p>
<ol>
<li>On the <emph>Planner</emph> menu, click <emph>Purchase Wizard</emph>.</li>
<li>Follow the instructions on the screen.</li>
<li>On the <emph>How do you want to pay for this purchase?</emph> page, click <emph>Sell investments and pay cash</emph>, and then click <emph>Next</emph>.</li>
<li>Click <emph>Hand-pick the investments you want to sell</emph>, and then click <emph>Next</emph>.</li>
<li>For each investment, specify a number of shares to sell in the <emph># to Sell</emph> column.</li>
<li>For each investment, specify the price at which you would sell each investment in the <emph>Sell Price</emph> column, or click <emph>Update prices</emph> (in the left pane) to use the current price.</li>
<li>Click <emph>Calculate</emph> to update the <emph>Results</emph> section at the bottom of the page with the prices and amounts you've entered.</li>
</ol>
<p>The <emph>Results</emph> section at the bottom of the page shows the total cash you'd raise, how much you'd pay in taxes, and how much you'd have left over.</p>
</content>
<footer>
<extend>
<tease>What sell price should I enter?</tease>
<reveal>
<p>If you know that you won't sell an investment until it reaches a certain price, enter that price. Otherwise, it's best to use the current price, because it's so hard to predict a stock's future price. You can get current investment prices by clicking <emph>Update prices</emph> in the left pane of the Purchase Wizard if you are connected to the Internet.</p>
</reveal>
</extend>
<extend>
<tease>What if I want to play around with the number of shares I want to sell or the investments I want to sell?</tease>
<reveal>
<p>Click the investment's <emph># to Sell</emph> box and type the revised number of shares.</p>
</reveal>
</extend>
<extend>
<tease>Why don't I see all of my investments listed?</tease>
<reveal>
<p>The Purchase Wizard excludes investments that are in retirement accounts or accounts in a dependent's name. Investments in those accounts generally cannot be used for other purposes. It also excludes stock option grants and any investments in accounts you've decided to keep out of the Purchase Wizard calculations.</p>
</reveal>
</extend>
<extend>
<tease>I want to buy a car. Should I include the down payment in the purchase price?</tease>
<reveal>
<p>It depends. If you know you want to pay the dealer cash for the car, then include the down payment in the purchase price and work through the Purchase Wizard from there. If you know you're going to get a loan to finance all or part of it, then use the Purchase Wizard twice: once for the amount of the down payment and again for the remaining purchase price.</p>
