Option 1 to 4: Which one us best? I think this is a question that we all face. Are we only going to be left with a roof after we die? In theory, it seems it is always best to borrow as little as possible and pay back as quickly as possible to get out of debt. However, this may not be the best method. Currently, floating rate is abt 1.4%. Many investment instruments are available, ETFs, stocks, fixed Deposits. What is the best?
1.)Fixed D: For me, I put all in fixed deposits but they give very little money. Maybank if you put $60000 and above for 3 years, 1.6% interest rate.
2.) ETFs: But banks always take a cut.
3.) Stocks: Buy what is safe? US is stopping QE soon, will stocks be safe? I do not have any stocks, anyone that can give constant dividend ones?
4.) Pay as much as possible and be debt free.
I choose option 1 but I think that one barely covers the loan interest.