dianadabinett

I’ve been asked this a lot lately - should I invest in the stock market or cancel credit card debt? There is no hard and fast rule for this - each can have advantages. But the question you really need to ask yourself is how much interest are you paying on your credit card debt? If you’re paying 15%, for example, paying that off is effectively a guaranteed 15% return on your money. Can you make that same return in the stock market? Probably not guaranteed, and probably not in the same amount of time. But if you’re in it for the long haul, you could make more than that in the stock market so you need to consider the choices carefully.