this post was submitted on 07 Nov 2024
135 points (95.3% liked)
Casual Conversation
1658 readers
230 users here now
Share a story, ask a question, or start a conversation about (almost) anything you desire. Maybe you'll make some friends in the process.
RULES
- Be respectful: no harassment, hate speech, bigotry, and/or trolling
- Keep the conversation nice and light hearted
- Encourage conversation in your post
- Avoid controversial topics such as politics or societal debates
- Keep it clean and SFW: No illegal content or anything gross and inappropriate
- No solicitation such as ads, promotional content, spam, surveys etc.
- Respect privacy: Don’t ask for or share any personal information
Casual conversation communities:
Related discussion-focused communities
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I hope you're not keeping that on your bank account. Make it work for you. I've put all my savings into diversified, low-cost index funds.
I recently reached a point that I could pay off my house if I wanted to. I'm really tempted to, but I think I'll just keep it invested.
Is it giving you a higher return than you pay in interest? Personally I'd pay off the mortgage.
Spy has been yielding double digit returns for years... That's definitely bigger than most mortgages in the US.
Then you should get rid of your mortgage payments and put it all in that.
Huh? If my rate of return > mortgage rate it makes more sense to be leveraged. If my mortgage rate was 10% I'd be paying off my mortgage.