Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Pay the loans as fast as you can. You might invest and get 8% or higher. But for your "test portfolio", past gains are no guarantee of future returns. The market could slump next week. There's no way to know. You do know that you have an 8% (and a 6.8%) drag on your TODAY. I'd kill that as fast as possible. Once that is done then you can start investing on your own with a long enough horizon to ride out any ups and downs (and there will be ups and downs).

You're already used to living the poor life. Before you ramp up your living standards get those loans paid-off. It will be less painful (and cheaper).

Yes, use the 401K. Good plan.

Just my opinion. I'm not a professional (investor/adviser). Just a former grad student who lived on ramen noodles for several years.

1poorguy (to this day HATES ramen noodles)
Print the post  


Paying For School Guide
Trying to Tackle Tuition? The Motley Fool's Guide to Paying for School will help you fight those rising education costs.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.