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The Water Cooler
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Let's talk personal debt
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<blockquote data-quote="inactive" data-source="post: 2020561" data-attributes="member: 7488"><p>This. Though I admit, we went against my normal routine and financed my wife's car purchase because it was 0% money <img src="/images/smilies/biggrin.png" class="smilie" loading="lazy" alt=":D" title="Big Grin :D" data-shortname=":D" /> I can shuffle and make things work to pay it off cash if need be though. </p><p></p><p>I would never go out of my way to borrow money against an existing asset for the purpose of investing, but when faced with the choice of handing them a check, or them handing me the keys on a 0% note, I went with letting my money sit to make more. Mathematically it's the same, but yea... some of the markets are really doing well right now (some mainstream mutual funds though Vanguard, T.Rowe Price, and the like have made 30-40% in the last 12 months), and even guaranteed investments earn more than 0%.</p><p></p><p>I wouldn't pull money out against a house to invest though. Too big an asset and too much uncertainty there.</p></blockquote><p></p>
[QUOTE="inactive, post: 2020561, member: 7488"] This. Though I admit, we went against my normal routine and financed my wife's car purchase because it was 0% money :D I can shuffle and make things work to pay it off cash if need be though. I would never go out of my way to borrow money against an existing asset for the purpose of investing, but when faced with the choice of handing them a check, or them handing me the keys on a 0% note, I went with letting my money sit to make more. Mathematically it's the same, but yea... some of the markets are really doing well right now (some mainstream mutual funds though Vanguard, T.Rowe Price, and the like have made 30-40% in the last 12 months), and even guaranteed investments earn more than 0%. I wouldn't pull money out against a house to invest though. Too big an asset and too much uncertainty there. [/QUOTE]
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