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to pay 500k loan lumpsum or buy shares then pay later
Rank: Chief Joined: 1/3/2007 Posts: 18,356 Location: Nairobi
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theking wrote:VituVingiSana wrote:What interest rate do you pay? If 15% or more, then pay off the loan. interest rate is 6% Nice. Then your choices just exploded! Or buy a Bond eg Kengen that pays 12% with zero taxes... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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theking wrote:now that the market is more red than green,m tempted to buy shares instead of payn of a loan. gd idea? pls advice. if i buy,which r the safe counters btn now n Feb/Mar? Pay the loan and you'll start keeping 100% of your income. That's a guarantee and there's a good change that the returns of keeping the 100% are higher than the capital gain or dividend you'll get. Don't gamble with what you don't have.
BBI will solve it :)
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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2012 wrote:theking wrote:now that the market is more red than green,m tempted to buy shares instead of payn of a loan. gd idea? pls advice. if i buy,which r the safe counters btn now n Feb/Mar? Pay the loan and you'll start keeping 100% of your income. That's a guarantee and there's a good change that the returns of keeping the 100% are higher than the capital gain or dividend you'll get. Don't gamble with what you don't have. Can't remember the verses but even the Bible is against keeping cash idle. You need to invest wisely though not sure where you get the wisdom. Pray!Pray!Pray! The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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theking wrote:VituVingiSana wrote:What interest rate do you pay? If 15% or more, then pay off the loan. interest rate is 6% Now that caught my eye. 6% unbelievable!
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Rank: Member Joined: 8/27/2012 Posts: 136
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The optimist wrote:theking wrote:VituVingiSana wrote:What interest rate do you pay? If 15% or more, then pay off the loan. interest rate is 6% Now that caught my eye. 6% unbelievable! Which bank?? Tafadhali tuelimishe ion does anyone know of a bank lending at <20% kindly saidia
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Wazua
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to pay 500k loan lumpsum or buy shares then pay later
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