I'm in such a tough situation and I'm looking for some help guys. I have 18k left in student loans (been paying them for 3.5 years, started with 60k, blegh). Now I am lucky enough to have enough money to pay for my loans in near full amount (can bring down to about 7 grand and I can easily pay that off before the end of the year!). I'll be done in almost exactly 4 years.
Retirement funds are maxed out and I'm putting $300 per month in vanguard index fund. So for long term, safe investments, I'm covered.
That said, should I instead use the money to invest in this bull market/crypto on the chance that I could have my 11k increase 10 times over by December? And then I could pay off my loans by year end anyway with a huge surplus of cash that can be reinvested.
My point is is that I feel like right now is the junction in key investments that I don't want to miss.
One last point. I have to help my parents financially because they can't support themselves and that usually Amounts to 20k a year, 10k in July and 10k in January. If I do this, I basicallyock this money up and can't support them. What are some options here? What are some directions I can't take?
TL;DR I have 11k. Want to either put in student loans or invest in crypto/stocks. I also need this 10k to parents... What should I do?
Submitted June 10, 2018 at 05:56PM by redracer67 https://ift.tt/2MeGqNV
