you should pay off your debt before investing
>>58773613I have $197 on my bank account, $1060 credit card debt, and a portfolio full of shit coins.
>>58773613I took out debt IN ORDER TO invest
>>58773613Generally true unless it's a pre-Bidenflation low-rate mortgage.
>>58773634I paid off the last of my 80k mortgage in Feb. I got it in 2019 and was 4.625%. Bad idea? I love no longer having mortgage payments, and I'm just living off interest
>>58773613My debts are my only investments
>>58773652Getting into debt just for an investment means your priced out from the start. Good luck holding it
>>58773613the only way I'll ever be able to pay off my 6 figure student loan debt will be if my investments go up. Maybe when I'm in my 40's or something, hopefully
>>58773712I got bitcoin debt at 69k and repaid it at 57k. So yeah, I was priced out of Bitcoin when it was at 69k
>>58773613I don't have debt.
>>58774304why post then dickhead?
>>58773613i have 96k in student loans but i make money fast (about 10k into savings) and i'm trying to power myself into a house 100% paid for.
>>58773613horrible idea if you can get a better return than the rate you're borrowing
>>58773613It's the first thing I did, with investment earnings, at least now I have all the time in the world to redeem myself with $kendu and forget that I practically gambled for 3 months straight
>>58773634>he doesn't understand the psychology behind freedom of choice and being debt free. inb4 but I'm speshul!!!
>>58773633baased and same hereit makes sense in an era of high inflation>>58773615based. I have $600 in my checking and $50k in debt and $100k in shitcoins.
>>58773643Smart. No mortgage means more margin every month and assuming you're young enough means you can afford to make more aggressive investing.
Money is imaginary so you might aswell go in debt to make it. Imagine losing out on a bull run because you’re afraid of a 7% interest rate
I have no debts because I have anhedonia.
