Saturday, July 16, 2011

Should I turn in my INTEL Stocks and pay Off Credit Debt?

I think there are better tech stocks then INTC, but thats a different story. My recommendation to you is this. If your CC cards are charging alot of interest, cash it out and pay it off, its more important to get your CC debt down to 0. If they are very low interest or no interest at this time (like a transfer deal, etc.), then I would wait until 4th quarter this year to see if we get a nice market run into Christmas season, then sell the stock. Dont forget one important thing ..... depending upon where you bought it, you will need to pay taxes on your gains, so save a percentage of that to pay it.

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