Re:Debit cards are hidden financial infrastructure
by vel0city on Sunday November 14, 2021 @09:25PM
(#29222923)
I took a loan on a new car. It is 0.9% APR. It's easy to have your money grow faster than that, so leaving my wealth invested and paying the payment nets me more money in the end than if I paid it up front. I could take money out of my investments to pay off the car tomorrow, but with the markets being as they are that would be insane. Even the bonds I own have higher returns than 0.9%.
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