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re: About to get somewhat large amount of money and would like advice my current plans for it
Posted on 4/19/23 at 8:28 pm to BullredsRus
Posted on 4/19/23 at 8:28 pm to BullredsRus
No way I'd pay mortgage.
If you keep it in CDs or bonds short term may be ok but over long term you're going to erode the value due to inflation. On otherhand, keeping the low interest mortgage and paying minimums is a great inflation hedge. In 10, 15, 20 years your payments will be static but those dollars will be worth much less and you'll likely be pulling in more from investments and income than today.
Only way you're likely to beat inflation long term is investing in equities or leveraged real estate. If your time horizon for needing this money is long term invest it with some risk if you want real growth.
If you keep it in CDs or bonds short term may be ok but over long term you're going to erode the value due to inflation. On otherhand, keeping the low interest mortgage and paying minimums is a great inflation hedge. In 10, 15, 20 years your payments will be static but those dollars will be worth much less and you'll likely be pulling in more from investments and income than today.
Only way you're likely to beat inflation long term is investing in equities or leveraged real estate. If your time horizon for needing this money is long term invest it with some risk if you want real growth.
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