Quote:
Originally Posted by DriverDaily
Not only will you lose money to taxes, there is the opportunity cost of 60K Invested. A low risk portfolio would almost certainly return more than the cost of a 3% loan.
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I'm not disagreeing. I simply look at it like taking some of the chips off the table instead of "letting it ride".
The market's kind of irrational lately, and it makes me a little nervous.
And, I only took out about $40k for the car to decrease the size of the monthly payment down to something that was reasonable (i.e. doesn't impact my life at all).
What's the purpose of saving, if not to use the funds occasionally?