avenger wrote:Is paying off my car loan considered savings?
I don't think so.
The Wizard wrote:Yes, as Dulocracy notes, there's something akin to survivor-ship bias to this question...
MichDad wrote:From skimming several posts in this thread, I think my view goes slightly against the current.
leonard wrote:What benefit do you get from calling loan prepayment "savings"?
leonard wrote:Paying off a loan has a different set of financial constraints than "saving". There is no need to force paying off a loan to be something that it's not. Deal with the financial instrument as it is.
knpstr wrote:Only if it is instantly priced in and done so in a rational and logical manner, will the chance of profit be gone. Even if the information is priced in immediately but the market responds irrationally (overbuys/oversells) then profit opportunities still exist.