I have an urgent need of about 20K, I can take it from stocks which are very slow growing ( I have some Intel stocks, purchased through espp ) or my emergency fund. I am wondering if I should sell the stocks at about 1K loss and take money out of there or keep the stocks and take money out of HYSA emergency fund. Newbie to finance, pls advise. TIA!#personalfinance #investments
Try credit balance transfer. Banks charges 3% for 1 year. You can keep your stocks growing
It's not a terrible idea but unless you have a long relationship with a bank and a lot of cash in the bank unlikely they'll open a account for 20K+. I usually get cards for 7-10K and then over time they increase my limits to 15-20K
It’s depends on which stock you own if it’s a good company then take money from emergency fund. As it can grow. But if you bought any gamble stocks sell
If you have a margin account where you can trade options look at SPX box trades. Fixed rates for duration of options. It is an option trade, so place it carefully- don’t screw up by closing one of the positions early and also do it with only European style options like SPX
I have INTC purchased through ESPP in 2021 when the price was about $65 now it is at $46
Yes, I believe that is what Boxx does. I just do it manually to both borrow funds and to park cash. Rates are better than treasury and 1256 contracts have better tax treatment too
How much stocks do you have, if it’s like 100k(s&p500) and you take out 20k very unlikely you will get margin called . (S&p dropping 50%+)
This is the whole point of the emergency fund
They are Intel stocks, a bit up since last year but still considerably down from 2021
Sell Intel stocks. They're are not going to beat 5% returns of HYSA
Do you have 401k account? Take a loan from there and you can pay your self back with interest, win win
Do you see any value in holding INTC stocks? If I take from my emergency fund I would have to anyway sell some stocks to replenish that amount!
Can’t predict the future, a 5% HYSA won’t always be 5% and INTC won’t always be 3% or whatever you’re saying
For urgent needs sell stocks(because the returns are futuristic not guaranteed)
Well is this an emergency? If yes why not use the emergency fund.