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Selling some stock today...

M

manlymatt83

Lifer
... use the money ~$2000 to pay off some debt (currently at 0% interest but turns to 8.9% in May), or invest it in another stock?
 
Originally posted by: mjuszczak
... use the money ~$2000 to pay off some debt (currently at 0% interest but turns to 8.9% in May), or invest it in another stock?
Click to expand...
Invest it and don't pay the debt until the last day before the interest rate switches from 0%.

 
i second it, why pay something off when you can still "borrow" while potentially earning more on investment. just make sure you put it in the right stock that wont go down when you need the money.
 
Well if your stock tanks, and you don't have the money to pay off the debt in May, then you are going to get screwed.
 
Originally posted by: jmcoreymv
Well if your stock tanks, and you don't have the money to pay off the debt in May, then you are going to get screwed.
Click to expand...

my thoughts exactly.

don't bet money you literally do not have.
 
Originally posted by: minendo
Originally posted by: mjuszczak
... use the money ~$2000 to pay off some debt (currently at 0% interest but turns to 8.9% in May), or invest it in another stock?
Click to expand...
Invest it and don't pay the debt until the last day before the interest rate switches from 0%.
Click to expand...

I'd do something low risk though 😉
 
Selling now seems like a good idea. Market is pretty high and has had 2 good days.

Bulls make money, Bears make money, Hogs get slaughtered.
 
From now to May is about 6 month away. Put it in a 6 month CD to earn a little bit of cash.

My advise, $2000 is too little to earn much money in such a short time frame. A peace of mind will worth more than $10 ~ $20 that you will get if you choose to invest it.
 
My advice is to use the money in the stock market until a little before you have to start paying for the loans. However, if you are tight on cash, be very conservative in your stock buying.
 
money market or cd and then pay off your loan when it comes due. Don't do stocks unless you have insider tip.
 
I would put the cash in a 6 month CD so that you are SURE you will have the money with the debt switches to earning interest.

R
 
Definitely put it in something low risk, you should get at least a 5% annual yield on it. Betting on a stock when you know that you need the money to pay off debt in the short term is really stupid.

edit: well actually you won't even get much return at all when you factor in the minimum monthly payments you need to keep up on.

lets say you get a 5% annual yield on the $2000, and you must pay at least $20/month for those 6 months, I think you'll make about $50 total interest. Or you can just pay it off now and not need to think about it any more.
 
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