Great analysis!
A further consideration for me would be the income tax factor. Interest paid on bond is not tax deductible whereas mortgage interest usually has been tax deductible for most folks. Now that has changed in my case as I no longer itemize deductions. Dividends and realized gains, if any, in mutual funds are taxable whereas appreciation is not until it is realized.
One more thought. We have experienced a nine year long bull market, the longest ever. Will we see an 8% average gain per year over the next 10 to 20 years?
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Last edited by manaboutown; 11-08-2021 at 09:06 AM.
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