HappyOutsourced
Recycles dryer sheets
- Joined
- Oct 29, 2013
- Messages
- 67
Hello, I've posted several things lately but I'm new and have a lot of questions. You guys are a great resource and I really, really value your advice.
I often go with my sister when she visits her finance adviser.(I understand a little more of the lingo than she does and I always learn something when I go.) Last time she mentioned having used cash to buy a car. He said he thought taking out a loan and letting her investments pay for it overtime would have been the better way to go. What do you think? I know the more money she keeps invested the more wrap fee he gets. But is it good for the investor? Say you took out a loan for 5 years and let investments pay for it slowly. Would this be the withdrawal side of dollar cost averaging? Good idea?
I often go with my sister when she visits her finance adviser.(I understand a little more of the lingo than she does and I always learn something when I go.) Last time she mentioned having used cash to buy a car. He said he thought taking out a loan and letting her investments pay for it overtime would have been the better way to go. What do you think? I know the more money she keeps invested the more wrap fee he gets. But is it good for the investor? Say you took out a loan for 5 years and let investments pay for it slowly. Would this be the withdrawal side of dollar cost averaging? Good idea?