Should I sell stocks to pay down debt?
Hi, I am looking for advice on what more seasoned investors would do in this situation. We were in the middle of a large flip when COVID hit. Ran out of cash, it took too long and we lost money on the deal. We were using a SBLOC - Securities Based Line of Credit to help fund the rehab. We were able to pay back all other debt with the sale of the flip except some of the SBLOC. Paying 6-7% interest and there is no term limit or extension fees or anything.
What I am wondering is if we should liquidate some stocks to pay that remaining back? Our stocks are performing at better that 6-7%, so is that a reason to leave the money in the stocks for now? Plus the fact that we would have to pay Capital Gains taxes if we sell?
What would you guys do? Thanks!