LogFAQs > #950774494

Pitlord_Special posted...

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.

You should pay off any interest accruing debt on depreciating assets immediately. Honestly you should just avoid it all together.

If you need to take out a loan to buy a car then you're buying too much car.

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"People incapable of guilt usually do have a good time"
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