Reply to Put 750$ a month in my mortgage or ETF?

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Reply to "Put 750$ a month in my mortgage or ETF?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's correct to check the interest rates

[b]ETF generally return 7% a year[/b] so I would invest vs pay the mortgage

If student loans are higher than 7% pay them otherwise invest[/quote]

This is the dumbest financial statement I have heard in a while, and that includes the woman who stopped her husband's retirement  funds to pay for a nanny.  [/quote]

Op here: please tell me more (I am dumb and don’t know what the average ETF return is, although I understand it is the long term trend that matter) [/quote]

dumbest financial statement eh I posted the 7% I'm very curious on your response...

OP you might like this basic overview

https://www.moneyunder30.com/pay-off-student-loans-or-invest[/quote]

Another poster said this below, but it bears repeating:

[quote]There's no such thing as an 'average ETF return' -- there's only the historical return on whichever ETF you choose to invest in, and even that isn't predictive. [/quote]

The initial response suggests that here is a "general ETF" - which is arrant nonsense.  [/quote]

so you put your money under a mattress lol, you can't be that dense stock market returns 7% on average there you happy[/quote]

It is not to much to ask, when discussing financial matters with someone who admittedly doesn't know much, and is asking for advice, to use the correct terms with at least minimal precision.

For example, you could have said, "OP, indexed stock market returns generally exceed the interest on your student loan, so you may want to consider investing in those types of EFTs."  No one would have batted an eye.  But instead you spout nonsense that could easily be misleading to a neophyte investor.  And now, you're doubling down, in an apparent effort to prove that you are an illiterate dimwit.  If that's the case, you have succeeded.  [/quote]

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