Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#46
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Again educate me. If I pay the bank interest, how do I gain 8+% profit, versus the investment of what I would have paid in interest to the bank and investing that in a mutual fund?
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#47
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when you pay off a 4.25percent mortage, you have secured a 4.25percent(absolutely guaranteed) gain.
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"All that is necessary for the triumph of evil is that good men do nothing" Edmund Burke 1729-1797 |
#48
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We have no mortgage. One less thing to worry about.
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#49
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mortages
Talk to George at TrustCo bank, they hold there own paper, no escrow, no closing costs. Located near Home Depot on 441.
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#50
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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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No one believes the truth when the lie is more interesting Berks County Pennsylvania |
#51
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#52
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Bull markets don't last forever. Eventually someone needs to pay the piper. It ain't gonna be me. |
#53
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#54
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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 |
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