Should I sell stocks or borrow against them?

You are trading off exposure, cost, complexity, and timing of tax recognition (ask your advisor). Neither choice is noble or shameful—they are tools. Evergreen guide: sell or borrow (guide).

Pledge eligible securities, receive proceeds, repay over time, meet maintenance tests. Details: how it works and stock loans. Compare to selling on stock loans.

Preserve exposure during a window you believe is temporary; fund obligations without crossing a blackout; avoid a rushed sale in a dislocated market—always weighed against interest and call risk.

Reduce concentration you already deemed too high; simplify; eliminate maintenance triggers; realize losses for planning where applicable—your tax advisor decides; not our advice.

Borrowing: drawdowns, rate rises, enforcement. Selling: opportunity cost, potential recognition, execution timing. Hybrid strategies (partial sale + modest borrow) are common—model them. Also read risks.

Executives — executives & RSUs. Owners — business owners. Real estate — real estate investors. When you are ready to model financing, build a matrix with your advisors, then get started if credit is in scope.