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re: Pay off mortgage or save/invest?
Posted on 10/7/20 at 4:04 pm to Popths
Posted on 10/7/20 at 4:04 pm to Popths
quote:
I’ve saved more money in my 50’s than all the other years combined because I got myself totally debt free.
same here.
my personal wealth has skyrocketed since I paid my last owed dollar off
2
Posted on 10/7/20 at 4:12 pm to cgrand
I love wealth
Posted on 10/7/20 at 4:15 pm to Popths
quote:And it will compound for what, a decade?
I’ve saved more money in my 50’s than all the other years combined because I got myself totally debt free.
I completely realize the human factor and all that, but you can not argue the fact that in all likelihood you will beat a fricking 3% mortgage by investing. It’s math.
Posted on 10/7/20 at 4:30 pm to BabyTac
quote:
Refinanced recently for 2.8%.
quote:
Cuts our mortgage by around $400/month.
-So you had shite credit when you initially financed........OR
-You live in a shite area of Texas
-Property taxes/values are near an all time high in Texas.
To answer your question:
Put it on Red quarterly, annually, monthly.
Posted on 10/11/20 at 10:02 am to cgrand
Ok dumb question so please don’t blast me for asking this. If I max out my 401k, Roth IRA, and choose not to pay an extra 400-500 on the house per month, what should I invest that extra in?
Posted on 10/11/20 at 10:13 am to MikeBRLA
quote:This.
Is house appreciating in value? If so, paying off could be a good investment.
Actually just the opposite is true.
Another consideration folks often overlook is diversification over all their investments, not just stock holdings. If paying off a home (a real estate investment) entails a significant underweight of non-realestate holdings, diversification is an issue.
Posted on 10/11/20 at 7:53 pm to bayou choupique
S&p index fund
Posted on 10/12/20 at 9:09 am to KillTheGophers
No joke, when did you lock that in?
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