221
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 10 months ago by to c/asklemmy@lemmy.world
299 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 9 points 10 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 1 child comment
    •
  • [–] 10 points 10 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