Hey Investors, what should I do?

[nkhoi]

Quote from MingWu:

I have a loan outstanding of $28,000 at an interest rate of 8.5%. The payment on it starts soon. It is a private loan i took to complete my Business education in the US.

I have enough to pay off the loan completely. Or should I invest in stocks or something else and get more returns and pay off the loan later?

advise please

obviously you think you can do better with that money than just simply wasting/paying them back. If you are very very certain that you can beat 8.5% then don't payoff the loan.

 

[MingWu]

Quote from my2cents:

PAY THE DEBT

I need to get something straight here. What do you mean by a private loan? Is this money that was lent to you by a family member or a friend? Or is this a personal loan from a bank?

It is a private student loan from a bank. That's why it is higher interest.

I am thinking about putting downpayments on a house or a condo. If I don't pay this, it means I can afford 4x more the place.