If you had twice the $ in credit card debt as you had $ in your savings account, Would you invest in Stock?
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I do not believe I have ever seen a credit card interest rate that low. 14% to 21% is more the norm. Expected return in stock investments is about 8% to 12% over the long term. Short term returns can vary greatly from that.
Depends if I thought I could beat 6% in the market.
Smart money says pay down the debt, methinks.
not enough information ... depends on the overall financial picture ... is the credit card debt manageable ... other investments, insurance policies, other assets, property, steady income, other debts and liabilities, morgages, car payments, school loans ...
It depends on the amount of return you expect on your investment, and the interest rate on your credit card. In most cases you would be better off getting the credit card down first.
No. Pay off the credit card debt, first. It's true that, statistically speaking, over the long term you should get a good return from the market, but stocks go up and down in the short term and are subject to both internal & external negative surprises. In turn, your credit card payments are a constant drain.
definitely pay off your debts first
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