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re: Selling stock to buy foreclosure
Posted on 1/4/24 at 8:18 pm to Drizzt
Posted on 1/4/24 at 8:18 pm to Drizzt
quote:
Just wonder what others think. Am I dumb to sell the stocks to avoid current high interest rates? I’m also making 5% on the cash currently. I could probably pay off the HELOC in 6 months if I stopped some of my current automated savings.
No opinion on the purchase itself, but you’ll likely pay a lot less interest on the HELOC than you’ll pay in taxes on the sale of that stock. From a cash flow standpoint, the HELOC likely has the lowest cost if you’re paying it off in 6 months.
This post was edited on 1/4/24 at 8:22 pm
1
Posted on 1/4/24 at 8:19 pm to slackster
Thanks. Much appreciated.
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