Shares and credit card debt
Financial advisor Matt Krantz of USA Today recommends selling poorly performing stock to pay off pressing credit card debts.
Stock portfolios have generally stagnated over the past five years. If you are paying 15% annual interest rates on credit card debt at the same time it can seem like a no-win situation.
Matt wisely suggests that you should “strongly consider liquidating a big piece of your non-retirement portfolios to pay down your credit card debts”.
This translates as a guaranteed 15% annual return.
Moreover, “a 15% guaranteed return by repaying debt is just about the closest thing to a home run you’re going to find in this market”.