ickplant@lemmy.world to Memes@sopuli.xyz · 8 months agoI'm working on it, ok?lemmy.worldimagemessage-square210fedilinkarrow-up1870arrow-down124
arrow-up1846arrow-down1imageI'm working on it, ok?lemmy.worldickplant@lemmy.world to Memes@sopuli.xyz · 8 months agomessage-square210fedilink
minus-squareMystikIncarnatelinkfedilinkEnglisharrow-up1·8 months agoWell, you could invest in a stock that goes “to the moon” as they say… But that’s capital gains gambling, as far as I’m concerned. Most interest/dividend payments will be far below what you’ll pay in interest on a loan, with few exceptions.
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up2·8 months agoInvesting in the stock market instead of paying a loan is stupidly risky. There’s a few loans that are possible where you could get a rate lower than some savings accounts, but you will only net 1-2% on your money in that scenario.
Well, you could invest in a stock that goes “to the moon” as they say… But that’s capital gains gambling, as far as I’m concerned.
Most interest/dividend payments will be far below what you’ll pay in interest on a loan, with few exceptions.
Investing in the stock market instead of paying a loan is stupidly risky. There’s a few loans that are possible where you could get a rate lower than some savings accounts, but you will only net 1-2% on your money in that scenario.