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djstudyhard t1_jdtz8fn wrote

Reply to comment by [deleted] in Preparing to buy our first home by [deleted]

If you’re so confident in your skills in investing then use all that money, pay off your debt, then reinvest in a few months again. If it was so easy and you are so wise that should be no problem for you. You’ll be a billionaire in 5 years tops. If that seems like a tough pill to swallow then you’ve got your answer (time to liquidate while you’re ahead).

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[deleted] OP t1_jdu0744 wrote

[deleted]

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djstudyhard t1_jdu855l wrote

We aren’t mad. This is just not that uncommon of a situation. Someone is in a not great financial situation and found a streak of good luck and thinks they are on the path to success because their last few moves were good. Hoping for the best for your investment and I hope that it turns out the best for you!

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_BreakingGood_ t1_jdu89s8 wrote

Just take a bit of time to think about why literally everybody is saying it's a worse idea to hold your investment than pay off your debt.

Just spend some time thinking why everybody is telling you that.

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[deleted] OP t1_jdu8raa wrote

[deleted]

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elysiansmiles t1_jdup7op wrote

Wait so you have literally no emergency fund aside from money in a risky investment? That’s even worse. Take that money out. Put a reasonable amount in a real emergency fund. Then use the rest to pay down your credit card debt.

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_BreakingGood_ t1_jdv76lh wrote

That just makes it even worse. To have your entire emergency fund sitting in some investment.

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