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Author: zigmo Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308676  
Subject: Use stock to pay off debt? Date: 5/17/1999 1:44 AM
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HELP! The Foolish advice is to pay off all debts before investing. BUT--what if you've already started investing and your investments are returning much higher than any debts interest rate?
Here's the scenario:
1. Credit Card w/$9000 bal. @ 5.9% (just lowered thanks to the Fools)
2. Student Loan w/15000 bal. @ 8.25%
3. Car Loan @ 6.95%
4. Stocks worth just over 19,000 with a return of over 227% over the last 2.5 years (WalMart)
Here's the question to the Foolish from the foolish
Do I sell my stock now and pay off credit card and large chunk of student loan? Or do I keep chipping away at the debt and hope my stock keeps performing like it has with hope it will surpass my entire debt?
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