Today I release the first “Ask Paula” episode. I’m rockin’ the mic solo, answering your questions about index funds, credit card debt and socially responsible investing.
One listener has “crapton” of credit card debt. He’s thinking about hanging onto his debt, though, and using his savings to make a downpayment on a house. Is this smart?
Another listener asks what I think about multi-level marketing companies. Should she try to make money from these?
One listener says she inherited some money and wants to invest, but she’s hesitant to buy index funds. Because index funds hold so many companies, she explains, they’ll inevitably hold some companies whose practices she ethically opposes. What should she do? Should she avoid index funds? Is it okay to profit from companies that you disagree with?
I deep-dive into the answers, offering advice for these three listeners. (And I rant for about two minutes. It’s epic.)