A few questions about investing.?

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  • A few questions about investing.?


Answer #1 | 23/12 2013 08:39
The math is fairly simple. Can you beat the 7% interest charges with investing? If you can, then pay the minimum and use the extra money to invest at the higher rate. 8% gain beats 7% loss by 1%. See? easy!
Positive: 62 %
Answer #2 | 23/12 2013 09:53
Buy a book on Investing for Dummies.
Positive: 56 %
Answer #3 | 23/12 2013 11:06
With half a million dollars within debt, you'll be way behind with investing or may never get to invest, if you want to wait for the last payment on 500K debt. The most important thing when it comes to investing is compound interest so the sooner that you begin, the better. If your employer offers a 401(k) match or similar incentive, be sure to take it. You won’t get a similar return on your money anywhere else but this is a personal issue. As with all things finance, money is deeply personal. If you sleep better at night knowing that your student loan is being paid down, then by all means do that first. Take Care
Positive: 36 %
Answer #4 | 23/12 2013 12:46
Well using the safe side of options trading in oil you can potentially get between 1%-3% a month in returns in cash into your account, so if it was me I'd probably invest to get cashflow and use the returns to help pay the student debt and still have a great regular cashflow into your account. When you compound those types of returns over several years they can be pretty large numbers and I mean life changing type figures. A good place to check out is:
Positive: 4 %

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