LogFAQs > #950772099

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TopicShould everyone be buying stocks?
Pitlord_Special
02/17/21 10:50:18 PM
#22:


Any debt over 10% interest or so should be paid down before investing (unless you have matching contributions from employer or such, can't really beat instant 100% returns)

Debt around 5-10% depends on what your risk appetite looks like.

Debt less than 5% you're better to invest than pay it off.

Real Estate (buying a home or investment property) can do more for your net worth than stocks depending on your home market. You can leverage way more on a mortgage than you could on margin with a brokerage account.

Other than that, stocks and crypto are where it's at. Savings accounts, CDs, and bonds are a waste to keep your money tied up in. I suppose there's also foreign exchange and commodities futures but you have to do more research and there are more barriers to entry.


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