re: Financial Advice (Investment vs Debt) - My Situation

quote:

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The investment versus debt argument is funny to me. If the market crashes, the 5% return is gone. Will the debt be gone? The debt is garanteed , the investment income , not so much. (Unless your are in rental income and tax free bonds , but typically those don't make 5%. ) I'm just wondering how many folks were saying things similar to you in 2007. I mean, I'm not hating on you, just saying.

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Well, when you conflate the interest rate over the long term with a two year crash you're not going to understand the argument.

The problem with this board/medium is none of us have the time nor space to go through the 300 different variables.

If you have assets to keep paying your debts in a downturn. If you keep your job in a downturn. If you can keep your faith in a downturn. If you don't get stupid in a bull market. Your general temperament. Every post would take an hour I don't have.

I mean, what happens if you pay off all your debt and you don't have cash left over and the market tanks, and you lose your job? What happens then? More debt.