Anyway, not to bring up the argument of paying down loans v. investing again..but with the way the stock market is going...this is exactly why paying down loans may be better. This shit is supposedly going to be as bad as 2008 according to some.
This is one of the most stupid posts in this thread, and I'm quoting this for posterity.
1) I actually do believe we're headed for a recession (although many people have been saying this for years, so just because you're right when you keep saying x team is going to lose for once, doesn't mean you actually have any predictive ability).
2) A recession "as bad as 2008" is really saying something. It's saying that a recession as bad as the last one, which was as bad as the Great Depression, will happen literally within 8 years of the last one. Weird to say that considering there are decades separating the Great Depression from the Great Recession. Generationally-impacting recessions don't happen as frequently as you believe.
3) "We're heading into a recession" implies that there was a recovery, which is a questionable assumption when you look at the fundamentals.
Should any of the above impact your decision to invest? FUCK NO.
1) You're not a short-term trader. When you invest, you invest for retirement. This means you're looking at investment vehicles which, over say 30 to 40 years, will give you returns adjusted for recessions, depressions, etc.
2) There are plenty of financial instruments for (1) above.
But even funnier, your suggestion is that you allocate your money from investment to.... your loans? I'm sorry... but what will that accomplish? If you're fired because of the recession, you will still be unable to pay your loans after your emergency fund is exhausted. At best, your principal will be somewhat lower, but you're still fucked.
If you want to be risk averse, save more cash to prepare for the possibility of losing your job.