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Message
re: Dave Ramsey's advice to pay off a car loan, rather than invest
Posted on 1/15/20 at 10:24 am to NC_Tigah
Posted on 1/15/20 at 10:24 am to NC_Tigah
quote:
I'm with Ramsey on the car note.
If you could borrow at 4% on a car loan and invest and earn 8% in the market, why would you not take advantage of that spread?
2
Posted on 1/15/20 at 11:04 am to iAmBatman
I don't take advantage on every spread. Do you refinance and cash out your house every time you get 20% or so equity and invest in the market? Not everything needs to be financed and money thrown in the market.
Posted on 1/15/20 at 11:06 am to iAmBatman
Nah, man! Why waste time with small potatoes car loans? You can borrow $3.5 million at 2.18% from Interactive Brokers. Can't swing quite that much? OK, how about $300K at 2.72%? You'll be knocking down mo money, mo money, mo money in no time, what with that steady and consistent ( 
) AVERAGE annual 8% return that you fellers keep quotin'.
We need to get these debt-free folks takin' out margin loans, HELOCs... maybe even some interest free credit card offers, so that they can make some real money.
Woo! Yeah man!
) AVERAGE annual 8% return that you fellers keep quotin'. We need to get these debt-free folks takin' out margin loans, HELOCs... maybe even some interest free credit card offers, so that they can make some real money.
Woo! Yeah man!
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