Reply to Is it completely stupid to pay off our mortgage?

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[quote=Anonymous]If it will make you the most comfortable, pay off the mortgage. It is better than having the money sitting in an account that is not earning any interest. There is a lot to be said for being debt-free. It gives you a lot of flexibility if one of you needs to leave your job for some reason in the future.

After that you will still be saving money and at some point you will need to think about investments. There is always a risk with investments (they can go down as well as up) and that needs to be a risk you are comfortable taking. You have to think long-term if you are thinking about investing. If you are going to panic every time the market moves you should not be in it. I personally don't have time to research individual stocks and investments. I've done well in the Vanguard Wellington Fund (about 70 percent stocks, 30 percent bonds) but Vanguard, Fidelity, etc. have other balanced funds as well where you can put your money and forget about it for a while. I know that I would never rebalance among stocks and bonds myself so a balanced fund works for me. Just make sure that whatever fund you choose has a low expense ratio. The returns should be going to you; not to the people running the funds.[/quote]

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