Title mostly says it.
I have some credit card debt and could use a few things but also not at a point that I am overly stressing these things. I pay my payments plus some each month.
I don't normally have CC debt but we had some emergencies in the last year.
Would throwing this into, say, an index fund really do much for me over maybe 6 months just in the hopes to increase it even a few thousand or so or is that kind of irresponsible since, in reality, we can't time the markets. I could put it all in and the markets could crash tomorrow worse than the great depression. I know that is unlikely but I'm.making a point.
Basically here to either have you tell me to just use it where I need it now or to tell me it might not be a terrible idea to throw it in some investment for 6-12 months.
Greatly appreciate any advice and responses! ♥️
original posted by Tirwanderr to r/personalfinance on Wed, 28 Feb 2024 21:22:14 GMT.