Quote:
Originally Posted by Bill14564
We paid off our bond. We calculated the break-even point to be about seven years (YMMV). We felt we would be in this house long enough that we would save money by not paying 8+ years of interest.
Some would argue that with a 3% interest rate you will be better off by investing the money. That's a good theory and sometimes it works to your advantage. However, if we had invested that $18,000 we would have something like $14,000 today and still have a bond payment due. Given what we are seeing today, we are happy with the choice we made.
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Another perhaps not true this year. Investments, my statement shows I've been up every year for the past 15. This year I am down. The first in 15 years. On top of that the consumer price index is up almost 9%. Since, we pay that with after tax dollars, to be even you need to make ??? 12-14%. Please don't tell me it is only 11.7% for you, it is close enough for all of us.
People on this site will argue about anything. There is some interesting stuff. I would check out anything. As I've posted before legal, investment, even lawn care I would check out anything, even my posts, Before acting.