I have a financial query for you Steemers....

in bubble •  7 years ago  (edited)

Here's the situation: My wife and I have $17,000 in student loans at ~5% and another $17,000 in a car loan at ~1%. In total, across a group of cryptos (BTC, ETH, LTC, STEEM, ICN, XRP, XLM), I have about $8,000 worth of coins and about another $10,000 in the bank.

The question: Should I cash out and pay down the student loans with my current crypto money and money in the bank?

I guess the crux of the issue is my appetite for risk. Is it better to miss out on the upside and capture returns now? Or run the risk of losing 75-90% of total crypto value should the bubble burst, and not be able to pay of a lump sum of the loans?

Steemers, help out! I need some guidance.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Do you have a job that can tide you over? This is a very difficult decision to make.

Congratulations @oldlineleader! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!