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Should you sell investments at a loss to pay off debt?
- Source :
- MoneySense; 1/15/2024, p1-1, 1p
- Publication Year :
- 2024
-
Abstract
- This article from MoneySense discusses whether it is advisable to sell investments at a loss in order to pay off debt. The author acknowledges the risks of investing money that is needed in the short term, as there is a chance of losing money. The article also highlights the importance of diversification in reducing risk. The author advises considering the interest rate on the debt and the potential returns on the investments before making a decision. Additionally, the article mentions the possibility of tax deductions and superficial losses when selling investments. Ultimately, the decision to sell or hold onto investments depends on individual circumstances and risk tolerance. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 14881349
- Database :
- Complementary Index
- Journal :
- MoneySense
- Publication Type :
- Periodical
- Accession number :
- 174856014