Debt Money

#1
Hi All,

this is my first post. i'm expecting your suggestions for a decision.
I have a debt of around 1 lakh interest rate of around 18%. I'm planning to close the debt by paying back.

recently i came through some information regarding investing in stock markets.

In these down times can i invest my 1 lakh( which i'm planning to pay back my debt )in stock market or mutual fund.

As markets are down i think i can get a good return in a long term. Is this true. will it be worth to invest the debt money.

If i take a decision of invest in stock market, i will not be trading daily. I like to invest in shares for a long time. will trade only when really required.

Will this will be worthful. expecting your suggestions and comments and guidance.
 
#2
Hi

Are you paying EMI for this debt? If so how long should you be paying this EMI?

Apart from all these repayments, my personal suggestions would be as follows,
(1) Don't commit yourself towards EMI expecting some returns from stock markets.
(2) Don't take 100% leverage for your investments.
(3) Stock market investments are supposed to be from your surplus money.

Hope you are clear.
 
#3
hi arvind thankyou so much for your suggestions.

i'm not paying any emi for this amount. i got this amount from one of known person in our locality. i need to pay the interest alone every month.

i understood your point i will be thinking twice again before making any move.

thank you again.
 

Placebo

Well-Known Member
#4
18000 per month is a huge amount to pay to a moneylender. I suggest close your account with him and try to save 15-20 % of your income. Do not worry about how high or low the market conditions are. There is always an opportunity , all you ought to do is take a closer look at things.

CHEERS
 

Capricorn

Well-Known Member
#5
18000 per month is a huge amount to pay to a moneylender. I suggest close your account with him and try to save 15-20 % of your income. Do not worry about how high or low the market conditions are. There is always an opportunity , all you ought to do is take a closer look at things.

CHEERS
I think u have misunderstood . Its should be 18% per year not month.
 
#6
hi thanks for your suggestion. 18% interest is annual interest and it comes around 1500. And i'm ready to take a risk but my only doubt will it be a worth of investing a money for which we need to pay 1500 a month as interest.
 

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