- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- 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: Do you under estimate risk when making investment decisions like paying off debts?
Posted on 4/20/20 at 4:28 pm to I B Freeman
Posted on 4/20/20 at 4:28 pm to I B Freeman
quote:
I damn sure am not going to stay in debt to get such toys
Good for you that you can have it all.
And I didn’t suggest that anyone “stay in debt” to buy toys.
But that’s a far cry from your maxim of never buying money for depreciating assets. The overwhelming majority of people can’t have it both ways. And there is a LOT of shite that people can’t pay cash to enjoy in their younger days, but can’t do physically in their older years when they are flush with cash. There is a happy medium in there.
I’m merely saying that the old “maxim” is pretty unrealistic and no way for the masses to get the most out of life.
0
Posted on 4/20/20 at 8:33 pm to I B Freeman
quote:
Do you under estimate risk when making investment decisions like paying off debts?
I may have a larger risk appetite than you, but you’re not accurately representing most people’s risk choices.
Most people have a decision to either invest a little or pay extra on a mortgage each month. Maybe you could come into a lump sum to stroke a check to finish out a mortgage but that isn’t typical.
So the question is, would you have rather A-invested $500 extra a month or B-sent that to the bank to lower your mortgage balance?
Now, both lose their jobs and have mortgage payments. A, is sitting on 5 years of savings which he can access (even at market lows) to live on (pay mortgage) during a job loss. B, has less savings and the same mortgage payment. That is the decision most people face and is frequently asked on this board. I’ll take my chance investing and not lending the bank money hoping I can eliminate the mortgage before I need the money and can’t access in an emergency.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News