{ "media_type": "text", "post_content": "I have $7,500 left on my car loan @ ~4% interest. Bonus coming in soon for a similar amount. Smarter to payoff the loan or better to invest in stockmarket?", "post_id": "613423727a0ef90030c247cc", "reply_count": 8, "vote_count": 1, "bowl_id": "5b04eaa9e090ee0013704639", "bowl_name": "Stocks", "feed_type": "bowl" }

I have $7,500 left on my car loan @ ~4% interest. Bonus coming in soon for a similar amount. Smarter to payoff the loan or better to invest in stockmarket?

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Dogecoin.

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I’d pay off the loan only because I’m debt-averse.

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Stocks.

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Stocks

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Stocks.

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You ask 2 different questions, both of which the answer is yes.

Is it smarter to pay off your loan? Yes
Is it better to invest in stocks? Depending on the stocks, you could likely outperform a 4% interest on the loan.

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Stonks

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Pay off Loan which guaranteed to save some interest vs stocks which can go in either direction. But again with 5 months left on loan you are mostly paying principal, Most interest has already been paid :)

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