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SVTPerformance's Chain of Restaurants
Road Side Pub
Investing
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<blockquote data-quote="IronSnake" data-source="post: 15712650" data-attributes="member: 46336"><p>I'll go a different route.</p><p></p><p>I have a decent retirement plan at my job. I throw dough in it religiously every week. If I had 50-100k sitting in investment dollars, I could see both investing and principle paying down as valid.</p><p></p><p>Pay down principle, great. But if the market tanks, you lost money.</p><p>Invest in 401k, great. But if the market tanks, you lost money.</p><p></p><p>However, I see the principle as something you owe <strong>no matter what</strong>. It's a reality that you owe the money, therefore it would be wiser to pay back what you owe, and reduce the size of your nut. Especially if you lose your job, or come into some sort of hardship financially.</p><p></p><p>The same can't be said for your retirement/investment portfolio. It's not as liquid and fact of the matter is.. if you're experiencing a hardship, it's highly likely the market will as well (if its an economic downturn).</p></blockquote><p></p>
[QUOTE="IronSnake, post: 15712650, member: 46336"] I'll go a different route. I have a decent retirement plan at my job. I throw dough in it religiously every week. If I had 50-100k sitting in investment dollars, I could see both investing and principle paying down as valid. Pay down principle, great. But if the market tanks, you lost money. Invest in 401k, great. But if the market tanks, you lost money. However, I see the principle as something you owe [B]no matter what[/B]. It's a reality that you owe the money, therefore it would be wiser to pay back what you owe, and reduce the size of your nut. Especially if you lose your job, or come into some sort of hardship financially. The same can't be said for your retirement/investment portfolio. It's not as liquid and fact of the matter is.. if you're experiencing a hardship, it's highly likely the market will as well (if its an economic downturn). [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Investing
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