ilmscore | Prediction Details
"The average credit card interest rate is right around 27%. And then according to Investopedia, the average historical stock market return over the last century is about 10% a year. So now if we do a little bit of math, what you'll see is that the average stock market return is a whole lot lower than the average credit card debt, which means from a math perspective, you're going to get a better return by paying this down before you start putting your money here."
By Minority Mindset | April 7, 2024 | Pending
From video
Be A Millionaire Index Fund Investor (Index Funds vs. ETFs vs. Mutual Funds) 01:09:31 - 01:09:56
Interpreted Prediction
Paying off high-interest debt (average credit card rate ~27%) offers a better guaranteed return than investing in the stock market (average historical return ~10%).

Prediction Details

Topic
Investment Strategy

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.