Is it wise to invest in the stock market while still in debt?
(Im currently about $5,000 in debt (will be paid off by August!), is it okay to invest right now?)
Answer :
It would be foolish for a market novice to invest available money in the stock market if you could use that money to pay off your debts.
Investing in the stock market ain’t easy and involves significant risk. The obvious risk is that you could conceivably lose all of your money and still have all of your debt — and wouldn’t that really, really suck?
Posted: August 4th, 2010 under US Stock Market.
Tags: invest in the stock market, Stock market