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Reply to "Is it best financially to buy new car in cash?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't know why the financial acumen on this board is so terrible. Is everyone just a government drone who majored in poli sci or grievance studies? The economic answer is NOT "only finance when it is a low rate like 0% or 0.9%" as several people have parroted. The answer is that you finance when the finance rate is lower than the rate of return you would earn by investing the money.[/quote] Please tell me what rate I am guaranteed to earn on my stock investments.[/quote] Use the risk-free rate, which is the rate you get if you put the money in a CD or savings accounts. It's "risk-free" since it's FDIC-insured adn you wont' lose your principal. Curently I get 4.55% from Wealthfront, while my mortgage is a fixed 3.25%, so I'm in no rush to pay down my mortgage faster than required (I used to).[/quote]
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