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this post was submitted on 07 Nov 2024
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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.
Eh...for a lot of people it makes more sense to keep your money in a high yield savings account instead.
For your emergency fund maybe but the interests are a lot higher when invested into something like S&P500. Failing to do so means leaving money on the table.
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.