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

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

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[quote=Anonymous][quote=Anonymous]No, you should not pay down the mortgage. There are two key things for you to understand:

1.  You're not just leaving a little bit of money on the table by not investing it. You are leaving huge sums. The compound returns on the investment over years are massive.  I understand the idea of wanting to feel secure, but you're not paying a few hundred or a few thousand dollars for that security. You are paying hundreds of thousands or millions of dollars for that security.

2.  There is no risk-free way to store your money. If you do not invest your money, you WILL lose most of it to inflation and other factors.  You need to stop thinking about investment as taking on risk and not investing as playing it safe. You are exposing yourself to risk either way. Just face that reality and work to build your wealth.

A financial advisor should help you understand both of these concepts.[/quote]

Sounds like a financial adviser/salesman talking.

There's money to be lost to inflation via investing in stock market also, see below, chart is from St.Louis Federal Reserve (FRED), commented by the blogger.

[img]http://www.davecoker.info/blog/wp-content/uploads/SPX-CPI-1983-2013-V1.jpg[/img][/quote]

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