Comments on: Investing in a Down Economy http://www.llamamoney.com/investing-in-a-down-economy/ It's not just money - it's Llama Money Thu, 22 Jul 2010 20:14:50 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Llama Money http://www.llamamoney.com/investing-in-a-down-economy/comment-page-1/#comment-1680 Llama Money Sat, 17 Jan 2009 16:02:49 +0000 http://www.llamamoney.com/investing-in-a-down-economy/#comment-1680 Good question. I guess I look at things strangely, probably the wrong way. If one of my car loans was seven or eight grand, I'd focus solely on paying it off, because the end was in sight. As it sits now, I'm looking at $20k+ per car loan. Even if I find an extra grand per month to toss at one, it would take an awfully long time to pay one off. Plus, it would probably be far less than that, since my wife isn't working anymore. At about 5.25% ( great rate when I signed up ), the interest isn't killing me either... I'd prefer to focus on something that could potentially give me a real benefit. At least right now, today. I'm not going to sink every dollar I have into investments ( poor decision in the best of times, even worse now )... but a bit here and there is smart, I think. Good question. I guess I look at things strangely, probably the wrong way. If one of my car loans was seven or eight grand, I’d focus solely on paying it off, because the end was in sight. As it sits now, I’m looking at $20k+ per car loan. Even if I find an extra grand per month to toss at one, it would take an awfully long time to pay one off. Plus, it would probably be far less than that, since my wife isn’t working anymore.

At about 5.25% ( great rate when I signed up ), the interest isn’t killing me either… I’d prefer to focus on something that could potentially give me a real benefit. At least right now, today. I’m not going to sink every dollar I have into investments ( poor decision in the best of times, even worse now )… but a bit here and there is smart, I think.

]]> By: dogatemyfinances http://www.llamamoney.com/investing-in-a-down-economy/comment-page-1/#comment-1679 dogatemyfinances Sat, 17 Jan 2009 15:35:26 +0000 http://www.llamamoney.com/investing-in-a-down-economy/#comment-1679 Why don't you just pay off your debt? Those car loans are huge. Why don’t you just pay off your debt? Those car loans are huge.

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