It has strengthened my resolve that investing right now is preferable to paying down debt.

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Mar 25, 2020
2:40:53pm

Pimpin4Paradise Intervention Needed

It has strengthened my resolve that investing right now is preferable to paying down debt.

Buy in now and your investments are going to far outpace your loan rates over the next decade.

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Pimpin4Paradise

Previous username: ChubbyChaser
Bio page: Pimpin4Paradise
Joined: May 2, 2008
Last login: Nov 12, 2022
Total posts: 56,121 (5,737 FO)

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Messages

Author

Time

Has the market crash over the past couple weeks changed your mind about

Odysseus

3/25/20 2:20pm

It has been a huge blessing to be debt fee (except a mortgage) for the past 10 years.

3/25/20 2:23pm

<< Deleted >>

Abe Froman

3/25/20 2:24pm

If you locked in a rate at 2.99% why would you want to pay that down quicker?

memento

3/25/20 2:37pm

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Abe Froman

3/25/20 2:40pm

I agree with this. Yes, you could invest and maybe make more, but being

Breaded Hamster

3/25/20 2:42pm

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Abe Froman

3/25/20 2:43pm

Of course not, as long as your overall asset allocation

memento

3/25/20 2:50pm

If you take out a lot of debt just before the banks fail, it could work out well

3/25/20 2:25pm

Pay down debt

Swish

3/25/20 2:25pm

how do you pay down debt with food storage?

cougarnerd

3/25/20 2:29pm

Edited it sorry that didn’t make sense.

Swish

3/25/20 2:54pm

Not at all.

lagryffe

3/25/20 2:25pm

That seems optimistic even in good times.

crack

3/25/20 2:27pm

Maybe. But the bottom of 2009 took us to >100% returns over 5 years

lagryffe

3/25/20 2:42pm

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Abe Froman

3/25/20 3:09pm

Let's just say I did really well the last time around and have been waiting

lagryffe

3/25/20 3:15pm

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Abe Froman

3/25/20 3:24pm

Nor am I. I've sold nothing and have ridden this thing down.

lagryffe

3/25/20 3:29pm

RE: On paper, sure, but how many timed the bottom perfectly?

memento

3/25/20 3:17pm

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Abe Froman

3/25/20 3:23pm

Don't think you understood the premise of the article...

memento

3/25/20 3:32pm

Maybe, maybe not- I think there are definitely different levels of risk aversion

Breaded Hamster

3/25/20 3:43pm

Not sure why but I feel the exact same.

chitownboy

3/25/20 2:38pm

Except for mortgage I agree, investment money

BYU71

3/25/20 2:27pm

If your premise was markets never crash when you started to invest

memento

3/25/20 2:37pm

It has strengthened my resolve that investing right now is preferable to paying down debt.

Pimpin4Paradise

3/25/20 2:40pm

I always looked at paying off debt as reducing risk.

CosmoK

3/25/20 2:42pm

And now you know why those of us who have been through the big crises in early 70s, early 80s, 2001, 2007-8, etc

Zenoch

3/25/20 2:46pm

May be a boomer but you are boomer who can sleep at night. I agree with your

Ycrazy

3/25/20 3:30pm

One other thing to consider is the tax benefit of mortgage interest

lagryffe

3/25/20 3:40pm

Pay down all debt except home mortgage

Gente_Boa

3/25/20 5:54pm

We paid off our house about 3 weeks ago. It may not be for everyone, but it

crack

3/25/20 6:09pm

I will continue to put any extra I make into paying off the only debt we have

3/25/20 6:27pm

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