r/investing
Having to sell $10k to pay bills. Which one would you pick?
Author must sell $10k of stocks (SPY, QQQI, MU, AMZN, RKLB, GOOG) for medical bills, asking which to sell to minimize lost upside.
Currently have to dip into my investments to pay off some medical bills. Have 300k between a few stocks but not sure which one will be the better ones to sell as to not lose too much upside. SPY, QQQI, MU, AMZN, RKLB, GOOG. I wouldn’t mind if I was to be buying back soon but probably won’t be able to contribute to my account for a while.
I might focus less on the specific investment and look more at your taxable gains. Sell whatever tax lot has the least.
This is the correct answer, I would look to trim MU or RKLN if the unrealized gains aren’t massive
Sell RKLB as it is the most speculative. Then trim MU if you need more cash.
Before you sell, ask your broker about borrowing against your portfolio instead.
It's called an SBLOC (Morgan Stanley calls it an LAL). No shares sold, no capital gains tax, your investments keep growing.
Rates are usually pretty reasonable.
Worth a quick call before you pull the trigger.
Why not just sell a covered call? Hell, sell it OTM with an expiration date near the end of 2026. At least then theres a chance your shares don't get called away and you get cash up front for selling the call.
The downside is something like RKLB could go down significantly from here while he has the covered call open.
wtf bro you're gonna lose those contributions forever and they're very valuable
Roth contributions can always be withdrawn for any or no reason because taxes on them were already paid.
However, this is generally a terrible idea and only something you do as a last resort in an emergency or disaster where you have nothing else left to work with. You really do not want to touch retirement monies if you have any other reasonable option.
QQQI
QQQI , no-brainer
Neighbour what?
absolutely not. let's avoid retirement at all costs (20% income tax + the 10% fee) this is why we have taxable brokerages and hysa's
RKLB, MU, QQQI
Delete your comment before your high wears off and you see it
Hard to say the one to sell. But can tell you the one you do not sell and that is Google (GOOG).
Apple is about to unveil the new Siri based on Gemini and running in the Google cloud.
Google just made a deal with SpaceX to get more capacity to support running Siri.
Google has also seen 11 straight quarters of increasing cloud margins.
Google just has a ton of new revenue coming in.