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Old 31st August 2016, 14:08   #301
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Opportunity cost, IMO, only comes into play if you have options of investing that amount somewhere where you might be getting high returns. Such a scenario is usually not available to most people.
Keeping 6L in a FD at 7.75% and paying an EMI at 10% is counter-productive in my opinion.
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Old 31st August 2016, 14:30   #302
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Originally Posted by rdst_1 View Post
Opportunity cost, IMO, only comes into play if you have options of investing that amount somewhere where you might be getting high returns. Such a scenario is usually not available to most people.
Keeping 6L in a FD at 7.75% and paying an EMI at 10% is counter-productive in my opinion.
Correct. Which is why well chosen MFs and such are an option. The other thing to note is that if you have a huge cash outflow - and then suddenly need the cash for some sudden and unavoidable expense such as an illness, traditional gift of gold at a religious ceremony, child birth etc .. it is always essential to keep an emergency reserve of cash in liquid or easily liquidatable form.
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