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submitted 8 months ago by ickplant@lemmy.world to c/memes@sopuli.xyz
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[-] JasSmith@sh.itjust.works 2 points 8 months ago

You will never make more interest on an investment than you will get charged interest for the same amount as a loan.

The historical S&P500 average is 11.88% annualised. Unless your interest rate is above this, you’re better off investing. In reality it’s more complex as there are tax considerations, liquidity, risk, opportunity cost etc to calculate. If your interest rate approaches this, paying down debt is indeed the best course of action.

[-] MystikIncarnate@lemmy.ca 2 points 8 months ago

The historical S&P500 average is 11.88% annualised. Unless your interest rate is above this, you’re better off investing.

It is.

[-] JasSmith@sh.itjust.works 2 points 8 months ago

My condolences.

this post was submitted on 30 Mar 2024
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A meme is an idea, behavior, or style that spreads by means of imitation from person to person within a culture and often carries symbolic meaning representing a particular phenomenon or theme.

An Internet meme or meme, is a cultural item that is spread via the Internet, often through social media platforms. The name is by the concept of memes proposed by Richard Dawkins in 1972. Internet memes can take various forms, such as images, videos, GIFs, and various other viral sensations.


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