Explain it like I am 5..
In July 2024, I opened up a Vanguard account and bought the 3k of VTSAX. Basically every month since then, I auto invest $500 per month. My account is up to 16k.
I am thinking of selling it to do some home repairs and avoid debt.
Do i need go pay taxes on that? On the earnings? How much? This all my after tax income.
Is this a shit decision? It seems to be growing pretty well.
Is there something else I need to do other than sell 100%?
I am not savvy with this.
u/Sea_Switch_7310 — 6 days ago