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Updated about 4 years ago,
Sell my AAPL to pay down Mortgage?
Hi Everyone! I purchased 32 shares of AAPL a few years ago, and it has nearly tripled in value since. I own two investment properties (closing on my third in two days), and I want to start paying down these mortgages, in addition to saving for more properties.
Here are the numbers:
32 Shares AAPL current mkt value - $6,384
Long-term capital gains tax (20%) - $820
Total amount left to invest in mortgage - $5,564
Principal left on mortgage - $62,000
Interest rate - 5.25%
I want to pay down this particular mortgage first because it has the smallest principal remaining, and the highest interest rate. I save enough from my W-2 job to meet my goal of purchasing one property per year, while also putting about 25% of my income into retirement accounts, so I would use this money to pay down the mortgage.
Do I capture AAPL around $200/share right now to pay towards the mortgage? Standing by for thoughts and suggestions...