
Originally Posted by
Samba
My stock portfolio is mostly in securities. It's not diversified at all, it's very overweighted in one or two sectors, and mid-cap stocks. I'm looking into shaving off money from each individual stock and buying into an ETF. I'm facing substantial capital gains, so of course I'll have to pay taxes on them. Should I use income to pay the taxes, as opposed to using the money I liquefy?
I don't really have a good financial vocabulary yet, so I can clarify something if I need to. I'm just learning. Can anyone point me towards something that explains the benefits/drawbacks of ETFs? Thanks.
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