I need some loan advice. I have 55k in the stock market earning roughly 8% a year (not including 401k retirement money). I have 40k in student loans and 27k in car loans both at roughly 9% APR. Should I keep investing and paying the monthly payments or sell some stock and pay off the car at least?

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Absolutely get rid of the car loan. Can you refinance the student loan? If not get rid of them too. That is a guaranteed 9% return.

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Why are the loan rates so high ?

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Might be skewed cause i bought my car when pandemic was starting but my auto loan from the dealer was 2.99%

Long term or short term gains on the sales ?

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Short term

Refinance student loans. Have been quoted as low as under 3 % for mine.

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SoFi has good reputation. Nerd wallet has a list of vendors

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Those interest rates are super high. If you have good credit refinance the car. I just looked at PenFed and they’re advertising 1.99% refinance for 60 months.

You might be able to get a low % loan from brokerage with stocks as collateral, but be careful with this.

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If your credit score is 758 you should be paying almost nothing in interest on your car. And refinance your student loans. 9% is insane.

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Use PenFed or Digital Federal credit union to refinance your car loans. Both are giving 1.99% for 60 months.. if the loans are at 1.99% , I wouldn’t pay off them ..

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Refinance or get rid of that car loan - what was your score when you got that car loan? Thats redic high.

As others have said, work on that car loan. You can probably refinance that too and get a better rate at least. 9% for a secured loan is insane. Did you buy a used luxury car or something?

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