Pay off all your debt before investing in stocks

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'The No. 1 question I get as a financial writer is: 'Why should I pay down my debts? I can earn more than that in the stock market.' Uh, no, you can’t.' -- dailydirtnap

 

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MagiciansWheel dailydirtnap Excellent advice.

dailydirtnap I´m glad that I found the DeepOnion project. They have a serious dev team and a lot of good features. I recommend to take a look into this project. They have a great potential, 100% sure! DeepOnion $ONION GetDeepOnion

dailydirtnap Suppose I had a 1.5% mortgage. Alternatively I could make 10% after tax with a fund such as $NOBL. Finally suppose I had $1000 cash. Would I prefer to miss out on $100 return to save $15 interest? I doubt it. Make regular payments on mortgage & invest the rest. Gain: $85/yr

dailydirtnap Does this not depend on what part of the cycle the economy is in? In the last three years, the interest rates were low and the returns on the stock market were much higher. Is this not why they have margin accounts?

dailydirtnap I’d like to see some actual math behind this thinking. This article is based on the “feeling” of freedom and not numbers.

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