Should I sell Microsoft stock for down payment on house?

Microsoft qFjJ31
Jul 11 17 Comments

I'm worried about mortgaging my future for a mortgage today. What say you blind folk?!

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TOP 17 Comments
  • LinkedIn Zeiwkf5
    You don’t seem to be concerned about holding a shit ton of a single stock. From a financial planning point of view that is really not a good idea. You should already have sold your MSFT and diversified.
    Jul 11 6
    • LinkedIn Zeiwkf5
      My position is don’t hold a shitload of stock from a single company. Period. It’s doubly bad to hold a lot in the company you work for - if the company does badly, you can lose your job and your investment. The housing question is kind of secondary and I don’t have an opinion.
      Jul 11
    • Microsoft qFjJ31
      OP
      Sure fair points. It's worked out for me so far :). I don't disagree with you.
      Jul 11
    • LinkedIn Zeiwkf5
      You are basically describing FOMO: “what if I sell my MsFT and it appreciates a lot in the future!” The same could be said of any other stock that you are not holding now. Let me put it another way: if instead of stock shares, MSFT had given you cash, would you have gone out and purchased shares? Probably not. So why would you hold on to shares instead. For $7 you can exchange between cash and shares at any time.
      Jul 11
    • LinkedIn Zeiwkf5
      “It worked out so far” is really not a great reason for a decision. Not buying car insurance can also save you a lot of money (usually) and can “work out so far” but it is a terrible idea.
      Jul 11
    • Microsoft qFjJ31
      OP
      I'm not arguing against what you are saying it's just the reality I'm at right now.
      Jul 11
  • Microsoft qFjJ31
    OP
    Another twist perhaps. I have another house that I want to keep and rent out vs selling so that's why I'm considering dipping into the stock. Maybe I should sell the house instead of stock? I think keeping the house is better though.
    Jul 11 1
    • Facebook public2
      Never sell real estate.
      Jul 11
  • Intuit Indiv. #1
    For a down payment, sure. But beyond 20%? Mortgage the rest. Interest rates are low. Then, in the future, you have the option to repay early through further stock liquidations.

    Pay a small premium for the flexibility. Your income will qualify the mortgage anyways, so you will always have the cash flow to keep up with payments as long as you keep working.
    Jul 11 1
    • Microsoft qFjJ31
      OP
      Good point. I should have noted I'm looking in the Seattle area.
      Jul 11
  • Google smokingass
    You'll cry when it hits $1000. Just $860 away. So dont
    Jul 11 0
  • Facebook public2
    Of course, 200k gives you leverage of 1m for 3.7ish% interest. It doesnt get better than that!
    Jul 11 1
    • Facebook public2
      Oh wait it does that interest is tax deductible!
      Jul 11
  • Intel gifkapa
    Only if you have kids.
    Jul 11 0
  • Microsoft Harambe’
    Yes stocks are close to all time highs and mortgage rates is low.
    Jul 11 0
  • Apple wassp
    Housing market is cooling in the bay
    Jul 11 0

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