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12% after taxes is an incredibly difficult return to achieve (you're talking around an 18% return y-o-y). If someone promises you this rate of return make sure
by moocow01 15y ago
12% after taxes is an incredibly difficult return to achieve (you're talking around an 18% return y-o-y). If someone promises you this rate of return make sure the fund manager's last name isn't Madoff.
You are much better off paying down your credit card debt. Sorry I wish I didn't have to sound like Suze Orman.
- orangecat 15y agoThis is absolutely correct.
- colanderman 15y agoAs a bonus, paying down your debt will likely increase your credit score, thus decreasing the expected value of future loans you may take out (e.g. car, house).