Would investing my money be a good idea?
Question by ▐▀▀✿▀▀▌ LIL BEAR ▐▄▄✿▄▄▌: Would investing my money be a good idea?
I have about $ 17,000 in student loan debt and I have $ 4000 in my savings account. Should I invest that $ 4000 in stocks and let it grown and sell it when it’s high enough and pay my student loans off with it? How long would this take? I know there would also be the same chance of losing all that money. What would you suggest?
Answer by bud68
If that is all the cash you have, you should NOT put it in the stock market. That $ 4000 is your emergency fund.
What do you think? Answer below!