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Should I pay off my credit card debt or invest my cash?

I have a $10,000 credit card bill and $10,000 to pay it off. However, I've been doing balance transfers for the past couple years at 3% ($300) and have my $10,000 in the stock market/mutual funds. These bring a return of 15% or so, and common sense tells me that this is the right move. My credit score is around 820 and I pay the monthly minimum every month. I guess I'm looking for validation because they estimate the market to hit $26,000 by next year.

Investing, Mutual Funds, Stocks
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November 2017

You strategy has been working well so far- but the stock market run won't continue forever.  

If you money wasn't already invested I would lean towards paying off your debt.  Since you are invested - if you can keep the balance transfer going you might as well keep things invested. It doesn't take too many 15% years to offset the 3% balance transfer fees you are paying.

Here is the big BUT- you should still look for ways to pay down this debt.  Pay more than the minium- use this as a chance to get ahead and build wealth rather than just treading water.

Make sure you are doing other things like minimizing taxes and getting your employer match on the 401k etc. Check out this post 10 Great Reasons to Ignore Retirement Planning

November 2017
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