What to do with end of year bonus

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work "investment" loan

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tell me more

My interest rates for these are 2.9 and 3.75. Is there an argument to be made for these being "good debts" with low interest rates, and instead of paying them off, just invest the money in vanguard, esp if avg 8-10% returns.

I have been putting an extra $50 towards the car each month an extra 300-600 each month for the $50K loan.

quote:

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My interest rates for these are 2.9 and 3.75. Is there an argument to be made for these being "good debts" with low interest rates, and instead of paying them off, just invest the money in vanguard, esp if avg 8-10% returns.

I have been putting an extra $50 towards the car each month an extra 300-600 each month for the $50K loan.

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There's an argument, sure. I just don't find it that convincing. If we weren't at all time highs in the market right now, I'd probably give that approach some serious thought. Obviously, you're going to be fine regardless, but I prefer to keep things simple. Do you think older you would look back and wished to have a car note or this other debt?

Again I ask, if you didn't have the car loan or the other, would you go borrow 70k at those interest rates to put that money in the market? I don't know anyone who would. That's the decision you're making.

Have you thought about putting in a pool?

Plus if there's enough left over, you could fly us all down there to help dedicate it.

Why does he need 2 pools.

My thought is after you have your emergency fund it depends on your debt tolerance. There is a certain peice of mind knowing that you don't owe anyone. But is that worth missing out on time in the market?

But if you don't continue to take on more debt you could double down on savings post payoff. The fact is this plan rarely works as something always comes up.