I'm a young, novice investor, and fortunately my passion for automobiles keeps me in the loop regarding auto-stocks. I don't invest a lot because I'm 26 and I still have a good amount of student loan debt. I made the call to buy Tesla shares at $30, confident the stock would skyrocket. I'm in a bit of a pickle and I have a question for investors or anyone with similar experiences to mine. I've made enough money from TSLA stock (and others) to completely pay off my student loan debt. Should I cash out and pay off the loans, or keep my money in the market long term? I'm afraid if I cash out now, I'll miss out on another 100% in TSLA stock increase over the next few years. However, the longer it takes me to pay off my loans, the more I pay in interest. What would you guys and gals do? Any advice is appreciated. Thanks in advance -
- Gator
- Gator