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hey folks, I am going to join Oracle ossi in Hyderabad location. I have never been to Hyderabad, and will be relocating. Please guide on what would be good areas to look for rent. Also, what would be rent like for 2/3 bhk. Ideally my budget for rent would be <25k. Initially I will be going but in future my family will join me once I am settled. Any points to note or any other gotcha to keep in mind ? Please suggest.
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My company matches 3%. Is that low or on par?
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Used car prices starting to come down?
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Earnings for next week.!
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American airlines 🤯🤯🤯 💰
Anyone looking at airline stocks or ETF play?
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I would not pay down a 1.4% loan - you can probably find money market accounts paying more than that and can definitely find high quality investment grade bond funds paying meaningfully higher rates
This is 100% the right guidance, it would hurt my mental health more to know I was missing out on potentially “free” money more than having debt owed
I think the question is would you borrow $130k at a variable 1.4% today so that you could invest $110k and keep $20k in cash? If you wouldn’t do this, then payoff your student loans today. If you would do this, pay the required monthly payments on the student loans and divert the rest of the $4k to investments.
It sucks but I would pay it off like you’ve been doing aggressively. It will also help your mental health and get that weight off your shoulders.
They guy asked for suggestions, so what if personal feelings are involved
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People are going to disagree, but they're going to be wrong.
It makes more sense to invest as much as possible as early as possible earlier in your life because it will allow more time to compound and reinvest dividends. Especially during this time where the market isn't stable and we're in a recessionary environment, it would be a critical time for opportunities as they come up.
If the debt is taking an emotional toll on you, you can if my advice and continue focusing on the debt (but should still be investing some money as well).
The larger the investment fund, the faster it will grow exponentially and your money will be making good money for you sooner than you think.
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Love the answers being so dismissive about the emotional or psychological benefits of paying off this debt
As if humans are perfectly rational 🙄
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Thanks, EY1. I like what you said at the end.
I think a fair mix right now is pay the loans off while accumulating a cash position in your investment accounts at the same time to take advantage of opportunities. This is assuming you are wary of current valuations and want to buy dips.
It would be great to define how exactly you would act - for example, I’ll apply 40% of savings to debt and 60% to investment cash. And if X index falls to price Y, then I’ll buy Z amount.
Decide what’s your strategy first, and then how you’ll implement it.