Comment on Anon tries to understand credit scores

• ryathal@sh.itjust.works ⁨10⁩ ⁨hours⁩ ago

  It’s gone down moth over month many times though. If you are dependant on that principle month to month it’s insane to trust the market.

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  • TubularTittyFrog@lemmy.world ⁨10⁩ ⁨hours⁩ ago

    all that matters is the value when you cash out. if you are sitting there agonziing about an assets value month to month you’re doing it wrong.

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    • ryathal@sh.itjust.works ⁨9⁩ ⁨hours⁩ ago

      Investing is great for retirement funds, over the 30 years or so it’s great for returns. It’s terrible to invest principle you need in scope of months or 1-2 years even.

      If you have 20k and a 20k loan, putting that money in the stock market is stupid if you need that money to pay the loan. If you have 20k, a 20k loan, and income to cover loan payments in addition to living, it may be beneficial to invest that 20k, but it’s still relatively high risk.

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      • TubularTittyFrog@lemmy.world ⁨9⁩ ⁨hours⁩ ago

        cool. keep telling me how stupid I am. I have seen that 20K become 45K over the past 5 years.

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