3 questions to ask before you withdraw from your investment account

There may come a time when you need or want to withdraw the money in your investment account. But how will you know if it’s the best financial decision? In this video, we’ll share 3 questions to ask yourself that will help you decide.

Have you reached your investment goal? When you withdraw too soon, you will deny yourself any future earnings and move your goal further out of reach. Resist the impulse to withdraw and think long-term.

What is the money for? If the money is not for the intended purpose or for an emergency, it may not be the right time to withdraw. Consider if it’s something that you need immediately or if you can start saving for it now to purchase in the future.

Is there a loss if you withdraw? Liquidating a portfolio that is underperforming may seem like an obvious decision. However, it may be best to wait it out if the current investment strategy is still valid. Also, depending on the type of account, there may be penalties if you withdraw before the maturity date.

What are some other questions you should ask before you withdraw? Share them in the comments!

Remember to subscribe, so you won’t miss any future videos!

Thanks for watching, keep investing, and bye for now.

Už vás nebaví velké banky a jejich robotické způsoby?
Získejte od Bondory půjčku, kterou si zasloužíte.

  • Personalizovaná nabídka půjčky online do 60 sekund
  • Flexibilní možnosti splácení
  • Žádné skryté poplatky
Začněte nyní
Jedná se o finanční službu. Prostudujte si prosím naše podmínky na bondora.ee a v případě potřeby se poraďte s odborníkem.