ilmscore | Prediction Details
"The rate of interest is the single biggest determinant of how much money you are giving to someone and how much money you are earning. So do some comparison of that, as I told you, in the market, if you go into the stock market and that too aggressively, if you earn at 18 to 20 over the long term, then you are God and that loan which you are paying at 30 to 35, that credit card on which you are paying at 40 is so expensive that whatever money you are putting to earn at 20 should go towards repaying that loan, friend, that is the way that you have to think about things, whatever amount you are saving from whatever money you are earning, if you have a debt on your head and that debt is expensive and expensive will be anything that judges a rate of Interest of greater than 10, I say maximum 12. Please pay that. The most expensive loan in terms of rate of interest, pay it first. That should be the way to get rid of your loans. There is no benefit in investing and your loans are still on your head. Become loan free, definitely loan free from expensive loans and then start your investing journey."
By warikoo | July 17, 2024 | Pending
From video
DON'T Make THESE Financial MISTAKES in your 20s! | Ankur Warikoo Hindi 00:18:30 - 00:19:41
Interpreted Prediction
To break even on investments made with loans, returns need to be at least 15-17% after taxes, and ideally 20% to profit. Loans with interest rates above 10-12% should be paid off first.

Prediction Details

Topic
Investment Returns
Predicted date
Long term

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