Dear Forum,
I need some specific and general advice. I recently joined a practice that offered a 75K loan at a very low interest rate (around 2%). If I stay at the practice 5-7 years, I get to keep it and the interest is forgiven (25k each year starting at year #5). I decided to take the loan. I would like some advice about how to invest it so I can at least keep up with the 2% interest rate if possible. I do not need the money for a down payment and I do not have debt, but I do have a mortgage on a rental property (no PMI) that I am currently renting out. I also have an additional 100k or so saved in a bank account. My 401Ks are around 90k, and I currently have them in mostly bonds (unfortunately I freaked out after the election a bit, hoping to move them back to index funds soon but worried about the fact that the market is so high right now) I rent an apartment for 1.7k a month right now. I am hoping to find an investment that would allow me to immediately pay back the 75k if I need to leave the practice. I am single, in my early 30s and have no kids (though I plan to in the next 5 years), and make 300k with benefits.
Thanks in advance!
I need some specific and general advice. I recently joined a practice that offered a 75K loan at a very low interest rate (around 2%). If I stay at the practice 5-7 years, I get to keep it and the interest is forgiven (25k each year starting at year #5). I decided to take the loan. I would like some advice about how to invest it so I can at least keep up with the 2% interest rate if possible. I do not need the money for a down payment and I do not have debt, but I do have a mortgage on a rental property (no PMI) that I am currently renting out. I also have an additional 100k or so saved in a bank account. My 401Ks are around 90k, and I currently have them in mostly bonds (unfortunately I freaked out after the election a bit, hoping to move them back to index funds soon but worried about the fact that the market is so high right now) I rent an apartment for 1.7k a month right now. I am hoping to find an investment that would allow me to immediately pay back the 75k if I need to leave the practice. I am single, in my early 30s and have no kids (though I plan to in the next 5 years), and make 300k with benefits.
Thanks in advance!
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