I have
BND VANGUARD TOTAL BOND MARKET ETF
First in, first out (FIFO) 268.7210 — $22,618.74 $21,997.50 $2.08 – $623.32 – $621.24
this is held in a taxable account... been there since about 2016. Has not made any money, in fact, lost about 600$, this loss will offset the dividend income I have earned for this year 2017 (of about 2300) from other etfs.. of note this year I am in the 39.5 tax bracket...
I am considering selling this (at a loss) to pay off a new boat I bought
the new boat has 34K left on it @ 4.3%
then, I plan on using whatever extra income I have to pay off the rest of the boat and then after that we'll discuss where my excess income should go...
of note I am 36, , so I'm hesitating to sell because I'd like to believe I am a "buy and hold" investor and I have plenty of time to recover this 600$ loss, and I can still use excess income to pay off the boat as opposed to selling this investment, I'm just trying to sort through what makes the most financial sense, and where I come out ahead.. (if anywhere??)
The other thing to consider is I currently have BND in taxable account, there is a lot of controversy whether this should be in taxable or tax deferred.. and I've gone back and forth on it, once I'm done paying off the boat, I could reallocate bonds to tax deferred... but then there was another wci post about being as aggressive as you possibly can until you reach your goals, so I'm torn..
Thanks!
Jessi
BND VANGUARD TOTAL BOND MARKET ETF
First in, first out (FIFO) 268.7210 — $22,618.74 $21,997.50 $2.08 – $623.32 – $621.24
this is held in a taxable account... been there since about 2016. Has not made any money, in fact, lost about 600$, this loss will offset the dividend income I have earned for this year 2017 (of about 2300) from other etfs.. of note this year I am in the 39.5 tax bracket...
I am considering selling this (at a loss) to pay off a new boat I bought
the new boat has 34K left on it @ 4.3%
then, I plan on using whatever extra income I have to pay off the rest of the boat and then after that we'll discuss where my excess income should go...
of note I am 36, , so I'm hesitating to sell because I'd like to believe I am a "buy and hold" investor and I have plenty of time to recover this 600$ loss, and I can still use excess income to pay off the boat as opposed to selling this investment, I'm just trying to sort through what makes the most financial sense, and where I come out ahead.. (if anywhere??)
The other thing to consider is I currently have BND in taxable account, there is a lot of controversy whether this should be in taxable or tax deferred.. and I've gone back and forth on it, once I'm done paying off the boat, I could reallocate bonds to tax deferred... but then there was another wci post about being as aggressive as you possibly can until you reach your goals, so I'm torn..
Thanks!
Jessi
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