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Thread 60909837

14 posts 8 images 8 unique posters /biz/
Anonymous (ID: U92XNIHS) No.60909837 >>60909849 >>60909955
Do i just pay off the loans at 4.5% then essentially do minimum payments on the ones with 2.7%?
Anonymous (ID: CGeVQKWy) No.60909849 >>60909938
>>60909837 (OP)
Pay it all off in one lump sum and never think about it again, is what I'd do.
Anonymous (ID: U92XNIHS) No.60909938 >>60910034 >>60910913
>>60909849
Wouldnt it be better to throw the $9556 alloted in USD into either LINK/BTC or the S&P500? Its only gaining less than 262 USD per year in interest.

It feels like leaving an extra 500 plus compounding interest on the table each year.
Anonymous (ID: VK3OevgY) No.60909954 >>60910001
>not putting a downpayment to make consequent payments easier
Anonymous (ID: 4F1XmZO/) No.60909955
>>60909837 (OP)
Srs post aren't allowed on biz anymore.
Anonymous (ID: U92XNIHS) No.60910001 >>60910017
>>60909954
Thats why im asking if it's better to throw it all at the higher interest ones and then use that amount i would've for the ones at below inflation rate into the S&P500.

Im thinking yes
Anonymous (ID: VK3OevgY) No.60910017 >>60910025
>>60910001
Can you pay the entire interest seperately?
Then you won't have to worry about it compounding?
Anonymous (ID: U92XNIHS) No.60910025
>>60910017
Possibly, thats a consideration i would need to check. My income is about double what im loaned. So im open to all options to manage it without losing out on the opportunity cost early on.

I know people pride themselves on paying their loans off early but it does leave a lot of growth on the table.
Anonymous (ID: dFZxZko5) No.60910034
>>60909938
yes
Anonymous (ID: U92XNIHS) No.60910040 >>60910123
It just seems like paying off below inflation rate loans are a huge waste of allocation.
Anonymous (ID: aAqFq3f1) No.60910123 >>60910350
>>60910040
The perfect is the enemy of the good. Just pay them all off and get on with your life.
Anonymous (ID: U92XNIHS) No.60910350 >>60910937
>>60910123
Okay, what if i have a medical emergency? Sudden job loss?

It might be more pertinent to the situation to heavily invest in an emergency fund before paying it all off
Anonymous (ID: IpeooM1I) No.60910913
>>60909938
If you're gotta time for a bear market, might be better to pay off the student loans now.
Anonymous (ID: PO04u9xV) No.60910937
>>60910350
Why weren't you thinking of all that shit before you took the loan?