Looking for some advice:
Let's say I have a $30K debt that I need to pay off next month. I currently have $30K sitting in a savings account earning 1%. This is my only cash savings outside of my investment portfolio. I also have a taxable investment account in which I invested $500K, but it is now worth $530K because of the recent bull market. Am I better off to sell $30K from my investment portfolio to capture those gains or just let it keep growing and instead use the cash I have sitting in the savings account to pay off the debt?
It seems like maybe this is a "timing the market" question, but I would appreciate any thoughts!