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Suppose you are risk-averse, and you received an unexpected bonus at work. Why might a financial advisor recommend that you use the money to pay
Suppose you are risk-averse, and you received an unexpected bonus at work. Why might a financial advisor recommend that you use the money to pay down some of your debt?
Debt is bad. The unexpected bonus cannot be used to open a new investment portfolio if you don't already have one. The return received from paying down debt is nearly always higher than any available riskless return. The recommendation applies if you have credit card debt Step by Step Solution
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