Greentext

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This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.

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Early_To_Risa@sh.itjust.works

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Anon tries to understand credit scores (sh.itjust.works)

submitted 4 days ago by Early_To_Risa@sh.itjust.works to c/greentext@sh.itjust.works

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[–] ryathal@sh.itjust.works 1 points 1 day ago (1 children)

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.

[–] TubularTittyFrog@lemmy.world 1 points 1 day ago* (last edited 1 day ago)

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

guess i should have just dumped it into a car 5 years ago instead of doubling it. gosh, what a total a moron i am!