- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Mortgage demand falls to lowest level in 22 years amid rising rates, slowing home sales
Posted on 6/8/22 at 11:03 pm to RJSambola
Posted on 6/8/22 at 11:03 pm to RJSambola
quote:
At 2.5% you should be able to exceed that in a variety of investment options.
Can you explain where you put money for the last six months and got a 2.5% return? I assume you have a ton in commodities if you are up. I know I wish I had paid extra on my note for the last seven months instead of losing 25% in 401k contributions and 18% in other investments. Such a categorical statement is not always accurate.
If I were closer to retirement I definitely would have wished I had put more toward paying even 2.5% mortgage v. investing it.
This post was edited on 6/8/22 at 11:05 pm
3
Posted on 6/8/22 at 11:18 pm to go ta hell ole miss
quote:
Can you explain where you put money for the last six months and got a 2.5% return?
I think you need to widen your lens a bit. He’s not talking about a short period of time (like for instance the past 6 months). He’s referring to beating that on average on an annual basis for the life of the mortgage. Should be pretty easy…
This post was edited on 6/8/22 at 11:18 pm
Posted on 6/9/22 at 8:43 am to go ta hell ole miss
quote:That is a short term trader view. Mortgage is long term - 30 years. Sure there are periods of time during that 30 years where it would have been more prudent to pay extra on a mortgage but barely anyone can time a market good enough to actually benefit from that strategy. Over the course of the mortgage you and damn near gauranteed to exceed 2.5% annual returns if you invest in damn near any traditional investment
Can you explain where you put money for the last six months and got a 2.5% return?
Posted on 6/9/22 at 8:51 am to go ta hell ole miss
quote:
If I were closer to retirement I definitely would have wished I had put more toward paying even 2.5% mortgage v. investing it.
There's more nuance to it though you won't find it here. The mantra of "only pay the minimum on your mortgage and invest the rest" works for specifically couples who buy a home in their 20s and plan to stay in it for years.
This post was edited on 6/9/22 at 8:52 am
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News