Thank you all for some really thoughtful replies and insights.

I am reassessing and will most likely switch to a measured approach where any extra cash each month will get put away a little more diverse now between paying mortgage debt down early and investing.

I set myself a goal of paying another 10% of the principal over the next 2 years and that combined with a potential refi opportunity should shrink my note for the next 28 years pretty good.

This post was edited on 11/1/24 at 12:39 pm

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Posted by KWL85

Member since Mar 2023

2292 posts

Posted on 11/3/24 at 8:01 am to UncleLester

You appear to be a good planner. You will do fine either way. The best we can do is make informed guesses on future returns. If you keep investing over time, you will likely come out ahead.

Another poster astutely commented on how it is more important to be in the market when it is good than out of the market when it is bad. This has probably helped me more than any other factor financially. And if you are cost averaging (investing consistently), then you are attaining more shares when prices are down and enjoying the multiplier when prices come back up. Stay curious. Good luck to you.

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Posted by Suntiger

STG or BR or somewhere else

Member since Feb 2007

34619 posts

Posted on 11/3/24 at 8:56 am to UncleLester

quote:
I set myself a goal of paying another 10% of the principal over the next 2 years and that combined with a potential refi opportunity should shrink my note for the next 28 years pretty good.

Only saying this because you typed refi. But if you like your lender and rate, look into a recast. If viable, it’s cheaper and you can keep your rate if you have a good one.

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