Quote:
Originally Posted by indycobra
Thanks for all the responces, I was predicting that would be the answer here.
I have an emergency fund as well has another sports car and coin collection that I can liquidate if need be.
This is kind of funny I thought you all would get a kick out of it. I went to our company accountant today to ask him about paying off my 401k loan. He laughed and asked me why I would want to do that. He said the market is terrible and that the 6% I was paying myself in interest was a better deal. This guy has 2 BMW's and a house worth 1.2 million. Either he knows something I dont or he is what they call "Big hat, No cattle" His assistant also told me that the funds I borrowed are still invested in my 401k and making money. How the H-E double hockey stick could that be 
I think I will stick with internet advice  |
That sounds like terrible advice. Pulling out your money when the market is down is a bad idea. Putting your money into solid mutual funds when they are cheap is a great idea.