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I have investments dating back to 1996 and earlier in a few no-load funds (Oakmark and Invesco). Some have done well over the years, and others so-so. Unfortunately, I'm in a lot of credit card debt at the moment, and am wondering if I should cash in my investments now to eliminate it, or play the numbers (compounding interest on my investments vs. compounding interest on my credit cards). I don't have enough money to eliminate all my debt, but could probably wipe out 80-90% of it. Would it be foolish to erase all that compounding work in my favor to get rid of the debt, and then start over? FYI - I turned 30 a few months ago, my wife and I make about $65k/yr, expect more income in the following years, spend $1000/mo. on rent and my total debt is at about $25k. My investments have returned anywhere from 8.5% to 30% on average since inception. One fund did 95% this yr. Is this just a simple math question -- or are there deeper issues to consider? Thanks!
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