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Reply to "A nice problem to have "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is a no-brainer. You do not pay off the mortgage. That is a very middle class way of thinking.[/quote] Totally agree. Paying off your mortgage is only for middle-class rubes. Smart people make sure to dump all their cash into the stock market when valuations are at historic highs, higher, especially, than in the pre-Depression 1929 period. You've heard of the famous saying, "Buy high and sell low," right??[/quote] Wow. You’ve made it very clear you don’t know anything about investing. You are exactly the type of rube who hyperventilates about debt and thinks mortgages are the devil and we are always on the precipice of a total economic meltdown. (As if the best thing to do in an economic meltdown is have a huge chunk of your net worth tied up in a house, which now has lost value and can’t be leveraged as much). cash is king and in this example cash invested in index funds are king. The way you maximize cash is through leverage. The lowest risk, highest LTV a leverage you can get is on real estate. If you are nervous about valuations, take out a few 3-18month CDs and invest them gradually in index funds as they mature. [/quote]
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