Have signed a purchase agreement on a single family home and have to make a 200K downpayment at closing in a month.
All of my savings are in company stocks, 401K and wealthfront. A bit of cash is lying around on savings account (50K).
Im wondering whats the best thing to do for making the downpayment is. Should I sell FB stocks or liquidate some of my weakthfront investment account or take a loan against 401K. Another option is to take a portfolio line of credit up to 100K from wealthfront at 4.6%.
With the corona virus scare and markets being down and will likely go down in next few months, is it advisable to sell stocks now? or is it better to take line of credit agianst my investment portfolio or against my 401K.#seattle
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Presumably, people have a budget. If you need more, then they might liquidate stock or use other sources.
Do people still do this?