▲ 223 ▼ You're given $20,000 USD (or the equivalent in your local currency) to spend, but anything still left by the end of the day you lose for good. What are you spending it on? (piefed.world) submitted 9 months ago by toomanypancakes@piefed.world to c/asklemmy@lemmy.world 300 comments fedilink hide all child comments
[–] slazer2au@lemmy.world 36 points 9 months ago (1 child) Shares. permalink fedilink source hideshow 2 child comments replies: [–] grue@lemmy.world 12 points 9 months ago (1 child) Better answer than "debt" unless that debt is at a high interest rate. permalink fedilink source parent hideshow 2 child comments replies: [–] cymbal_king@lemmy.world 9 points 9 months ago* (1 child) Don't discount paying off a modest 6-7% car or student loan. That's a guaranteed and tax free return on investment. Historically the stock market returns about a 7% annual ROI. Not having a payment every month can make a big difference for liquidity and peace of mind permalink fedilink source parent hideshow 2 child comments replies: [–] grue@lemmy.world 10 points 9 months ago* I would count that as "high," especially when, as you suggest, you consider risk-adjusted rates. Basically, just don't prematurely pay off your mortgage if you have one of those 3% ones from a decade ago. permalink fedilink source parent
[–] grue@lemmy.world 12 points 9 months ago (1 child) Better answer than "debt" unless that debt is at a high interest rate. permalink fedilink source parent hideshow 2 child comments replies: [–] cymbal_king@lemmy.world 9 points 9 months ago* (1 child) Don't discount paying off a modest 6-7% car or student loan. That's a guaranteed and tax free return on investment. Historically the stock market returns about a 7% annual ROI. Not having a payment every month can make a big difference for liquidity and peace of mind permalink fedilink source parent hideshow 2 child comments replies: [–] grue@lemmy.world 10 points 9 months ago* I would count that as "high," especially when, as you suggest, you consider risk-adjusted rates. Basically, just don't prematurely pay off your mortgage if you have one of those 3% ones from a decade ago. permalink fedilink source parent
[–] cymbal_king@lemmy.world 9 points 9 months ago* (1 child) Don't discount paying off a modest 6-7% car or student loan. That's a guaranteed and tax free return on investment. Historically the stock market returns about a 7% annual ROI. Not having a payment every month can make a big difference for liquidity and peace of mind permalink fedilink source parent hideshow 2 child comments replies: [–] grue@lemmy.world 10 points 9 months ago* I would count that as "high," especially when, as you suggest, you consider risk-adjusted rates. Basically, just don't prematurely pay off your mortgage if you have one of those 3% ones from a decade ago. permalink fedilink source parent
[–] grue@lemmy.world 10 points 9 months ago* I would count that as "high," especially when, as you suggest, you consider risk-adjusted rates. Basically, just don't prematurely pay off your mortgage if you have one of those 3% ones from a decade ago. permalink fedilink source parent