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?

Best answer:

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!

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4 thoughts on “Would investing my money be a good idea?”

  1. if you have capability to invest your money for long term like 2-3 year than you can invest your money in stock exchange. but if have proper knowledge than n than go for it.

    But my personal advise is that just consentrate on your study its not a right for you to wast your time on that.

    best of luck for your bright future

  2. First…ask yourself about your knowledge in this…
    How to value the company… If you know the concept in finance already.. You have to study about the company and news.
    And to get best return like this, it might have to be risky .. However, you might consult with the broker… But you must have some knowledge about time signal to buy and sell. By the way, don’t invest all money in it. diversify: to some risk free investment.. Or you do the special job for students.

  3. Stock investing is a great idea… but not for “loan” money or a short term need. What you’re suggesting is a recipe for disaster.

    What to do instead;
    Take the next few years to learn about investing. Don’t put one penny in the market for at least a year…… Not because this is the “wrong time” or any market timing reason….. simply because it’s best to know what you’re doing before you invest.

    Best wishes!

  4. if you want cheap and safe stock and invest on long term i suggest you should buy C, and BAC because government will never let these big bank fail and eventually it will double or trip your money

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