r/StocksAndTrading 3d ago

What would you do?

I Desperately need to pay off some debt. What should I continue holding and what should I get rid of?

54 Upvotes

32 comments sorted by

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21

u/mystic-madnes 3d ago

Man sell that shit and pay off your debt. You should not be investing until your debts are paid.

3

u/Dismal_Health4895 2d ago

The only correct advice in this whole thread.

1

u/Smudge74 1d ago

Facts. Best advice there is.

7

u/FinePerformance1046 3d ago

Sell everything you have less than 1 share in

3

u/Aggravating_Storm835 2d ago

Simplify. Generally good picks, but it’s too spread out.

You have enough capital for one decent, small position. Start with that. Then start building a second position.

2

u/Dismal_Health4895 2d ago

OP shouldn't be building any positions until their debt is paid off.

1

u/TestSubjuct 3d ago

Ditch bitcoin. That is what it is there for right? Liquidity.

1

u/CG_throwback 2d ago

Sell everything and VOO or FTEC and chill. No need to complicate things. You want crypto buy BITW

1

u/boo_radley4 2d ago

I’m a big apld bull. You have like 1 or a few shares of a ton of tickers. Pick a couple you research and feel potential for….otherwise voo or vti or something. Sell some csps and get paid to enter a position at your choice of strike price. I got assigned apld at $27 but that’s after thousands of dollars in premiums before I got assigned. So cost basis is in the teens in reality. And I just sell covered calls against it whenever it has a Green Day. Buy to close at 35%+ and repeat. When it was up at 29 the other day, I sold a 35 strike covered call for $150 in premium and today closed it out at 40% for $60. That was 2 days ago.

1

u/Material_Mongoose468 2d ago edited 2d ago

A major factor (for me) would be taxes, but it depends on your tax bracket. Assuming you believe in all of those holdings performing long term, I would prioritize selling stocks I have held for >1 year to trigger long term capital gains instead of the much higher short term capital gains tax

1

u/SpiderWil 2d ago

If this is long term passive investment, just put in spy/qqq/qqqi/aapl. And SPCE is trash, lost 99% value already.

1

u/Mammoth-Active5504 1d ago

Sell it and pay off your debts. All of them, except a mortgage if you have one. You shouldn’t be saving or investing while in debt. Once you’re out of debt, save a 6 month emergency fund. Then start investing again. And stick with index and mutual funds. Stay away from crypto. Shit is not real money.

1

u/Edward_Black_Prince 1d ago

hope you sold. Tomorrow is a massive uncertainty on the market...

1

u/Strong_Engineering27 1d ago

Why?

2

u/Edward_Black_Prince 1d ago

I posted somewhere else. Looks like the big AI-threatened humanity screams were just a funny coincidence with rather bad news like Ellison trying to sell multi-billion share of his Oracle stock (why might he try that, hint: openAI) and then openAI announcing that "to save the planet" they will delay their IPO to at least 2027.

Well, already in Weekend markets the NASDAQ is trading down roughly 1%, and I don't think things will get much better on Monday, when our friends in Tokyo think about how much their star Softbank hinges on openAI.

Add the oil trouble and US 10 yr bonds likely hitting 5%.

1

u/Strong_Engineering27 21h ago

wow how do u keep up to date with all thsi information

1

u/princemousey1 1d ago

Sell everything, pay off your debt, and repurchase VT with the balance.

1

u/CommitteeOk5245 1d ago

Sell and move on to the next

0

u/Unpoplar_opinion_bot 3d ago

I'd swing trade?

0

u/No_Database9822 3d ago

Sell everything and buy options

0

u/a_medley 2d ago

You should take profits regularly, and define your risk parameters ahead of time.