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Reply to "What Should I do? Aggressively payoff Home Mortgage or Invest the Money in a Mutual Fund??"
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[quote=Anonymous]How large is your mortgage? I'd hesitate to pay off a 3% mortgage early, at least aggressively. While the market's doing well I'd focus on diversified, well managed, low expense funds like some of the better actively managed Vanguard funds (index funds are fine but can get hit harder in down markets), and allocate between mortgage pre-pay and investing dep. on the market. When the markets were down and interest rates were low I aggressively prepaid the mortgage for that guaranteed return. For the past 3-4 yrs. I've backed off on the mortgage prepay and put more in the mutual funds, always remembering that this should be long term money only, not anything you think you'll need in, say, the next 5 yrs. I've stopped prepaying the mortgage and am taking a more defensive position with stocks now to cover the bottom side since a correction is likely at some point in the next year or 2 or 3. [/quote]
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