Posts tagged with: black monday

A handy tool to compare if you should invest your spare cash or pay off loans earlier

I hate debt and always try to pay off everything as soon as possible, but sometimes it might be best to sink some of that money into the market if you have a low-interest loan. This week has been a while ride on the stock market and a good reminder that if you can sack away money, it’s always nice to have a little chunk liquid to invest in market freakouts like Black Monday with some stocks swinging 20-30% in a 48 hour period.

This handy tool is great for comparing your loans and what your market investments are yielding to see if you’d end up in a better position investing than paying off the debt prematurely. It sounds crazy, but it’s possible. Give it a try.