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Should you sell investments at a loss to pay off debt?

Authors :
Heath, Jason
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