- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Should I pay off my debt?
Posted on 10/14/15 at 9:32 am to 13SaintTiger
Posted on 10/14/15 at 9:32 am to 13SaintTiger
Its not a horrible idea, but keep in mind:
Every dollar you put towards that note is giving you a return of 2.99%
You can get a much higher return in the market.
Every dollar you put towards that note is giving you a return of 2.99%
You can get a much higher return in the market.
Posted on 10/14/15 at 9:34 am to Volvagia
quote:
Every dollar you put towards that note is giving you a return of 2.99%
You can get a much higher return in the market.
Those are post tax dollars
Posted on 10/14/15 at 9:40 am to Volvagia
I absolutely hate this line of reasoning regarding short-term debt. In the short-term, he could get his arse whipped in the market. Pay the car off.
This post was edited on 10/14/15 at 9:41 am
Posted on 10/14/15 at 1:19 pm to Volvagia
quote:
Its not a horrible idea, but keep in mind:
Every dollar you put towards that note is giving you a return of 2.99%
You can get a much higher return in the market.
Let me amplify on this a bit. A 3% guaranteed return isn't bad, whereas there is no guarantee that investing it will do better or worse. That said, 3% isn't a great return either and you may be better off having the money handy or contributing more to tax-sheltered retirement accounts if you can.
At 3% I think you could really go either way.
Popular
Back to top
Follow TigerDroppings for LSU Football News