Quote:
Originally Posted by JoMar
My investment portfolio generates 8+% which is cash, money, profit. I pay the bank 4.25% interest on my mortgage which gives me a net on the positive side of a minimum 3.75%. It depends on how your portfolio performs and your age. I took a 30 year mortgage which means I will be dead for many years as will my wife so we will never pay more than the payoff at death of the principle. Hey, everyone has a different view of security and how to handle their money so I'm not making a judgement on anyone just stating that in my opinion. If you can net positive cash flow take advantage of it and at our age, use the cash flow to enjoy life, Don't reduce the value (or the ability to increase the value) of your portfolio's by not having manageable debt. Just my opinion.
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I get what your saying. And congrats that you can score 8% on all your investments.
We just have different ways of looking at things. I want my house paid off for my kids and not die with a mortgage to pay off. Plus, I think whatever the mortgage/interest payment I would be spending while I'm alive, I can invest that into a IRA or Mutual fund to keep generating money while I'm alive. But that's just my line of thought