I was recently lucky enough to get a large influx of cash to help pay off my student loans. Should I pay off my loans or take a portion and invest?
I currently have $65,000 of grad school loans that I re-financed last year for 4.4% interest over 7 years. I have been making payments of ~$1100/month.
I received enough money to completely pay off my loans but I am now thinking of taking about $15,000 and investing. Caveat...I do not have much experience with investing so it would be partnered with a lot of studying, researching and I'm sure a learning curve.
Here is where I am in my life right now... I am in my early 30s and just starting off my career. I am single and do not have any major financial obligations. My plan is to have most of it as long-term investments however, I would like to also buy a home in a few years so part of the funds will eventually go towards a down payment.
I have some savings and a good job. So although it would hurt to lose money with investments, it would not be an end-all. u
What are your thoughts? Any advice?
Submitted August 18, 2017 at 12:06PM by tokkibokki http://ift.tt/2w9rmMq
