Woman owes $555,000 in student loans - Page 3

Homeslice · 02-18-2010, 02:10 PM

Given today's crappy savings rates, yes I would put *some* of it in stocks..........maybe only a quarter of it, and just a simple global stock fund, not any individual companies.

Particle Man · 02-18-2010, 03:22 PM

phew, I didn't mean to start a pissin' contest

shmike · 02-18-2010, 03:26 PM

Quote:

Originally Posted by Particle Man

phew, I didn't mean to start a pissin' contest

No worries.

I know you are smarter than to follow random intarweb financial advice but the "you should do THIS" comments irk me.

That and it is fun to pick on 'slice when he is easily out-pissed.

azoomm · 02-18-2010, 03:46 PM

Quote:

Originally Posted by CrazyKell

I totally get how crippling it can feel. I have student loan debt and even though I'm working to pay it off, I feel like I will never get ahead.

But she obviously just stuck her head in the sand for it all and expected it to go away.

That sounds like EXACTLY what she did. How is this stuff NEWS?

Homeslice · 02-18-2010, 04:05 PM

Quote:

Originally Posted by shmike

No worries.

I know you are smarter than to follow random intarweb financial advice but the "you should do THIS" comments irk me.

That and it is fun to pick on 'slice when he is easily out-pissed.

So then what would YOU do if you had 7-8 years?

shmike · 02-18-2010, 04:16 PM

Quote:

Originally Posted by Homeslice

So then what would YOU do if you had 7-8 years?

Spend for 7 years and panic for one.

But this wasn't about me.

101lifts2 · 02-18-2010, 04:22 PM

Student loans are never forgiven.

Homeslice · 02-18-2010, 04:30 PM

Heh.

Well, I think it all depends on stuff like, are you secure in your career and do you enjoy it, could you easily replace your job if it was lost, and are you free of other debt........If so, you should be able to absorb any losses that might arise from investing in stocks. Basically, the more secure someone is, the more risk they can take. It is the people living hand-to-mouth who shouldn't invest in stocks.

goof2 · 02-18-2010, 04:55 PM

Quote:

Originally Posted by 101lifts2

Student loans are never forgiven.

They can be, but it doesn't happen very often.

EpyonXero · 02-18-2010, 06:36 PM

I know a guy from school who has over $100k in student loans for a Bachelors degree.

02-18-2010, 03:22 PM	#22
Particle Man Custom User Title Join Date: Nov 2008 Location: Central NY Moto: 2003 SV650S Posts: 14,959	phew, I didn't mean to start a pissin' contest __________________ I'm not "fat." I'm "Enlarged to show texture." Handle every stressful situation like a DOG: If you can't eat it or hump it, pi$$ on it & walk away.

02-18-2010, 04:22 PM	#27
101lifts2 WSB Champion Join Date: Nov 2008 Location: Anaheim, CA Moto: 2009 Kawi ZX6R Posts: 5,570	Student loans are never forgiven. __________________ Train Hard Ron Paul - 2012 Mark of Excellence GM

02-18-2010, 06:36 PM	#30
EpyonXero AMA Supersport Join Date: Nov 2008 Location: Redneck Riviera, FL Moto: 2003 VFR800f6 Posts: 2,531	I know a guy from school who has over $100k in student loans for a Bachelors degree. __________________

02-18-2010, 02:10 PM	#21
Homeslice Elitist Join Date: Nov 2008 Location: SF Bay Area Moto: Gix 750 Posts: 11,351	Given today's crappy savings rates, yes I would put some of it in stocks..........maybe only a quarter of it, and just a simple global stock fund, not any individual companies.

02-18-2010, 04:30 PM	#28
Homeslice Elitist Join Date: Nov 2008 Location: SF Bay Area Moto: Gix 750 Posts: 11,351	Heh. Well, I think it all depends on stuff like, are you secure in your career and do you enjoy it, could you easily replace your job if it was lost, and are you free of other debt........If so, you should be able to absorb any losses that might arise from investing in stocks. Basically, the more secure someone is, the more risk they can take. It is the people living hand-to-mouth who shouldn't invest in stocks.