Anonymous
03/18/2019 12:48
Subject: Paying off the morgatge, good or bad idea?
There’s more of an incentive now that I claim the standard deduction. However, my household should qualify for decent financial aid. If I were to focus on eliminating my mortgage, I think I’d just penalize us on aid at this point with a paid off mortgage.
Anonymous
03/18/2019 09:07
Subject: Re:Paying off the morgatge, good or bad idea?
Anonymous wrote:Anonymous wrote:Anonymous wrote:the stupidity on DCUM never ceases to amaze me
stock market returns on average 7% a year
yall are really really really really dumb
Can't you buy more of that if you don't have a mortgage?
time value of money. For every dollar that you invest in sinking into a mortgage that money can grow. I would pay the absolute minimum on a mortgage same with student loans and any other debt less than 7%
Another one with a mortgage and student loans calling those with neither "dumb".
Anonymous
03/18/2019 08:58
Subject: Re:Paying off the morgatge, good or bad idea?
Anonymous wrote:Anonymous wrote:the stupidity on DCUM never ceases to amaze me
stock market returns on average 7% a year
yall are really really really really dumb
Can you guarantee 7% return?
No past returns are not indicative of future performance
At the same time for any time horizon over 5 years 90% confidence as long as you dollar cost average and rebalance.
I wouldn't suggest investing a ton of money now but putting in 1 or 2k a month instead of paying down a mortgage or student loans would 100% recommend doing that
https://www.bogleheads.org/wiki/Three-fund_portfolio
Anonymous
03/18/2019 08:54
Subject: Re:Paying off the morgatge, good or bad idea?
Anonymous wrote:Anonymous wrote:the stupidity on DCUM never ceases to amaze me
stock market returns on average 7% a year
yall are really really really really dumb
Can't you buy more of that if you don't have a mortgage?
time value of money. For every dollar that you invest in sinking into a mortgage that money can grow. I would pay the absolute minimum on a mortgage same with student loans and any other debt less than 7%
Anonymous
03/17/2019 22:43
Subject: Re:Paying off the morgatge, good or bad idea?
Anonymous wrote:We have same dilemma except our mortgage is almost $2m. We would save 9k in interest per month.
Just reading that sentence sent shivers down my spine. SO glad we have no mortgage -- no debt of any kind. And we never will again, knock wood.
Mid-50s and banking $9K a month in rental income on the two homes we own free and clear.