Hello! I am hoping to get some good advice on my situation. I have a student loan balance of $10,568.32. Of this amount, $6,541.21 has an interest rate of 1.62%, and $4,027.11 with a rate of 3.62%. Overall, the interest is quite low - last year my total interest paid was only $297.22. My total monthly payment is only $183.41.
I currently have $31,231 in cash (mix of checking and mostly savings), and a brokerage account worth $20,837 as of yesterday.
I want to pay off the student loan, but I feel like a bear market is creeping up soon so I want to "double down" and put as much money into the total market index fund or an S&P 500 index fund. I'm torn. I feel like I'll miss out on an opportunity if I pay off the loan now.
Any thoughts?