What is the best way to invest the yearly bonus? Is it better to reduce home loan liability, buy a car or invest in stock?

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Well I didn't get in to Harvard... But only one of those options actually has "invest" in it so seems self evident

likefunny

Sometimes paying off debts is the best investment opportunity

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Buying a car def would be a bad investing activity

likefunny

Hookers and blow

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My after tax take home was $1350.00, I could purchase 1 share of google if we didn’t audit them

funny

Yeah I mean, screw EY.

Lol direct debit that shit into your 401k bro and enjoy your 12-25% ROI immediately from not having to pay taxes on that $$$

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I don't think we have the option to contribute our bonus to the 401k. Probably because it comes EOY. I'm actually maxed out by that time.

Where will you get the most return or incur the least interest? Mortgage interest rate vs car loan interest rate + any loan fees vs average rate of return on wherever you invest.

Give it to me. I’ll invest it into my pocket for you!

Thank you all ! Much appreciated.

Definitely now a car. What is your home loan’s interest rate? If you expect your return from investing in stocks to be greater than your interest rate, then stocks would best.

Home interest rate is 2.75 (15 years). I’m already investing in stock. Best option would be to pay off about 30-40K and reduce liability.

Since your interest rate is so low, I would prefer to invest than payoff the mortgage early. It just depends if the mortgage stresses you out. If it does , then mortgage over investing in stocks. Both are good options, so you can’t go wrong.

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We did 1/3s. 1/3 into prepay the mortgage. Just over 1/3 stock. And the rest cash in HYSA. Looking at maybe getting into real estate. Oh, and 1 toy (an awesome smoker). Treat the bonus as a real bonus and not deferred comp.

Want the mortgage out early to FIRE

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