Can i withdraw money from my individual investment account in the case of an emergency?

Investing
#1

Hello All,

I recently created an individual investment account with a broker and plan on investing money consistently into the S&P 500. I understand the purpose of my emergency fund is to avoid this but if i find myself in a situation where i need to withdraw some money from my individual investment account will i be penalized?

Thank you,

#2

Hi Adrian,
You will not be penalized, but if your money grew, you will have to pay capital gains tax. Which is not the end of the world. :slight_smile: