News for hackers. Stuff that matters.

A comment on Just 39% of Americans could pay for a $1000 emergency expense. Parent comment

Re:Just 39% of Americans could pay for a $1000 emergency exp... by engineer1121 on Sunday January 02, 2022 @11:46PM (#29777428)
I'd include a lot of the cc crowd as well. I have a relatively large CC balance only because I almost always get >15% returns (my cc rate) in the market.

Every once in a while I roll it over to a personal loan but if you are good at investing there's no worry about 15% interest when your main trading account is up 30%+ YoY.

[ Parent | on HN ]
Re:Just 39% of Americans could pay for a $1000 emergency exp... by Rebelgecko on Monday January 03, 2022 @01:59AM (#29778119)
I can't imagine that many people are able to maintain 30% growth over and extended timeline.
[ Parent | on HN ]
Re:Just 39% of Americans could pay for a $1000 emergency exp... by niij on Monday January 03, 2022 @01:12PM (#29784038)
You'd rather gamble on >=15% returns rather than just pay off that debt and get an immediate 15% savings? That may work in the short term but bull markets don't last forever.
[ Parent | on HN ]