[d2bets]

just pay off your loan the old fashioned way, 30k is nothing if you budget right. If you're trying to triple your money in 8 months, that would be a full-time job and even then you'd be very lucky to pull it off unless you have some secret info. And, if you lose money you'll have lost twice since you're still in debt.


If I were you I'd take that 10k and put towards the loan, a good chunk of it at least. Granted I wouldn't have done that when I was younger but that is the advantage of hindsight. If you owe 30k and can cut it to 20k that is huge. You'll blink and it will be 2 years from and you'll be happily debt free. Or you can blink, 2 years later, and wondering why you didn't pay off your loan which the interest has increased even higher.

Probably bad advice, but depends on a lot of factors. That student loan is probably very low interest and tax-advantaged. Depends on other resources, sources of income, other needs, personal, etc. Is he saving for a down payment? But if that student loan is very low interest, I'd hesitate before giving up cash in hand. to pay it off in part.

[Otters27]

gold. but you might have missed the boat

[xKMACKx]

What is your monthly payment, like $325.00 a month at 9.5 years?

[afgballer56]

i do have full time job making 1900 a month working fkn 50 hr weeks
can get a job wid ma damn degree

[afgballer56]

2017 Super Bowl 51 NFL Futures Odds NFL Football Odds Futures to Win Super Bowl 51 (LI) NRG Stadium, Houston, TX, 2/5/2017

Teams Sorted by Odds From Favorites to Longshots	2017 Super Bowl 51 (LI) Futures Super Bowl Money Odds (Payout Per $10k Bet.)
Carolina Panthers	+$110,000 (11 to 1)

Safe buy. 7 month maturity. Pay off your 30k debt and have 90k left over

hahaha good call
but im slowing down with gambling

[d2bets]

i do have full time job making 1900 a month working fkn 50 hr weeks
can get a job wid ma damn degree

Brutal.

[afgballer56]

Brutal.

ye it sucks but i am still only 22
gonna make money soon

[brooks85]

Probably bad advice, but depends on a lot of factors. That student loan is probably very low interest and tax-advantaged. Depends on other resources, sources of income, other needs, personal, etc. Is he saving for a down payment? But if that student loan is very low interest, I'd hesitate before giving up cash in hand. to pay it off in part.

no, I don't give bad advice. You know that.

[brooks85]

gold. but you might have missed the boat

my money is on it going higher. Miners

[d2bets]

no, I don't give bad advice. You know that.

For what he's making, he needs to keep that extra dough safe for a rainy day. He chunks it down to make student loan go from 30k to 20k, he isn't getting it back if he needs it. It's bad advice because you didn't have enough facts before giving it.

[d2bets]

ye it sucks but i am still only 22
gonna make money soon

Good luck man. Keep the 10k safe for a rainy day.

[afgballer56]

Good luck man. Keep the 10k safe for a rainy day.

yee lets c what happends

[brooks85]

For what he's making, he needs to keep that extra dough safe for a rainy day. He chunks it down to make student loan go from 30k to 20k, he isn't getting it back if he needs it. It's bad advice because you didn't have enough facts before giving it.

he's 22, he doesn't need rainy day money and certainly not 10k worth. In fact, rainy day money would be the WORST decision for a young person unless you enjoy watching their money lose value every year because of inflation?

[The Kraken]

The utility of an emergency fund far outweighs how much value he loses from i flation

First time he has an emergency an needs money, he's pulling out his credic card and getting hit with 15.99%

He needs a rainy day fund

[chico2663]

Brutal.

You need to find sales job. SI SE PUEDE!

[grease lightnin]

30 k
i will help hold for 8 months

8 months is nowhere near long enough for you to expect a 300% return. Is it possible? Yes. Probable? No.

Right now you can knock out a 1/3rd of your debt. If you buy a stock and hold it for 8 months, it is more probable that you will have less than 10k to put toward your loan than it is that you will have enough to pay it off.

And if you intend to "trade" in and out. Even less probablilty of reaching your goal.

Gamble for fun, but be smart when it comes to major life choices, like how to pay off debt.

[floridagolfer]

O
ed
jnj

[grease lightnin]

And for those who say he should keep it as a rainy day fund, rather than put it toward loan....couple questions...

1. How did you acquire the 10k? Are you a saver? Or would you be likely to spend or gamble the 10k if it is easily accessible?

2. What is the interest rate on the loan?

[Sledge187]

I just added a SBR watchlist for all the stocks mentioned in this thread. I already own Apple and Twitter. Citi seems like a great buy right now.

[brooks85]

The utility of an emergency fund far outweighs how much value he loses from i flation

First time he has an emergency an needs money, he's pulling out his credic card and getting hit with 15.99%

He needs a rainy day fund

a 22 year old putting money into a rainy day fund is the dumbest move they could make from a financial standpoint.


I can't imagine what disasters you think are going to affect him?

I doubt he has a house yet, he has health insurance and probably doesn't have kids yet. And, he has income.

So, rainy day fund for what? His ipod or a flat tire?

[chico2663]

a 22 year old putting money into a rainy day fund is the dumbest move they could make from a financial standpoint.


I can't imagine what disasters you think are going to affect him?

I doubt he has a house yet, he has health insurance and probably doesn't have kids yet. And, he has income.

So, rainy day fund for what? His ipod or a flat tire?

Donald trump being elected and screwing up the financial market. Only reagan as a repub was good for the market and that wasn't including w last 2 years.

[Itsamazing777]

Trump as president is the safest bet

[brooks85]

Donald trump being elected and screwing up the financial market. Only reagan as a repub was good for the market and that wasn't including w last 2 years.

stop getting your news from facebook.


also, as I have proven you wrong on before, the 2000s were a great time to invest.

[jjgold]

You need to hold stocks fr at least 10 years to see gains anymore

Those big return days are long gone

markets been flat for years

[afgballer56]

but good thing is i got my parents house which is basically mine nd worth close to 1 mill
but anyhow
do u think its good to buy like 2-3 stocks with the 10k or just buy one stock nd let it rip

[PorkChop]

Not pussy. Ever.


That's important advice

[afgballer56]

Not pussy. Ever.


That's important advice

hahahahaha

[grease lightnin]

but good thing is i got my parents house which is basically mine nd worth close to 1 mill
but anyhow
do u think its good to buy like 2-3 stocks with the 10k or just buy one stock nd let it rip

With the goal of tripling your investment in 8 months?

[afgballer56]

nah im not stupid
i jus want to some return like 25percent

[jjgold]

there are no 25% returns anymore

your lucky to get 8 in a great year

[afgballer56]

there are no 25% returns anymore

your lucky to get 8 in a great year

jj if u woulda bought tesla a few months back
you would have
if u buy low u can expect a good return

[jjgold]

jj if u woulda bought tesla a few months back
you would have
if u buy low u can expect a good return

easy to say without doing it

Most of the time you lose in the market although a slow death..nobody knows a bottom of a stock or a top

[TxAaron]

USO will pay huge

[afgballer56]

easy to say without doing it

Most of the time you lose in the market although a slow death..nobody knows a bottom of a stock or a top

good point still

[Snowball]

buy coal before Trump wins.
something like Consol Energy.