Originally Posted by
forgot to bid
Bar, it's funny, a financial advisor told our friends if they took out money just to finish off their car payment they'd lose a fortune over the next 30 years. So they didn't and ended up losing about the same amount of money these past few months. A 4% loan to themselves may have indeed been better, no?
That whole compounding argument assumes sustained growth. That paradigm may be on the way out the door. In the world of flat or sustained negative returns getting and living debt free makes a lot of sense.
Has anyone ever met a financial advisory that told you to get out of the market or not buy and hold?