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Should I sell my stock to pay off my credit cards and vehicle?

I currently have about $40,000 invested n the stock market and a little over $6,000 in credit card debt. I also have a truck payment of $425 month and still owe about $28,000. My mortgage sits around $79,000, with a home value of around $300,000. Should I sell enough stock to pay off the credit cards and/or the truck?

Debt, Real Estate, Stocks
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2 weeks ago

Yes you should likely sell enough stocks to pay off the credit card debt.

Then take the money you would be putting towards the credit cards each month- contribute back into your investment account to rebuild your savings there.

 

Unless you have a high interest rate I don't see a big benefit to paying off the truck or mortgage from your investment account.

2 weeks ago
2 weeks ago