If you're hoping to make a killing in the
stock market, and you're still carrying credit card debt,
you're an idiot when it comes to
personal finance. You might reasonably
expect to make 8 to 10 percent on your investment in
equities in the
long term, but if you're carrying 18 to 20 percent
debt on your
credit cards, and paying
finance charges or
late fees, you're not doing the
math right.
Besides, paying down debt at high interest rates is a sure thing, whereas investing involves risk.