What's the best use of my money: to pay off a mortgage sooner or to invest in the money in the stock market?

Hi, guys im 21 and I just bought $ 80,000 small house four moths ago, and I would like to know what is better to pay extra payments to pay off the mortgage ASAP, or to pay the regular payments and the rest to invest it in the stock market or any other investment. The reason is that after 30 years im going to end up paying more than 288000, but if I paid sooner ill save hundreds thousands. In the other hand if the rest of the money I invested I can get a higher % gain, but is not secure. What do you guys believe is the best use that I can give to my money? Please give me your opinions, and ideas. Thank You.

Investing in stock market is not a sure business man.. Find someone to live with you and share some costs and pay off the mortage asap! :)

What interest rate on mortgage? What risk tolerance on investing? Stocks will likely beat that interest rate but maybe not after taxes & maybe not at all. Need not just high rate but higher rate adjusted for inflation & taxes. Even though I am totally in market & have been for decades you should cut debt 1st.

When I have big chunks of money to pay down debt or invest, I determine the interest rate of the debt I want to pay down and the per month payment. Then I compare that to my expected return on investment.

In my case all of my debt is at 0-1.6% so there is no complelling reason to pay off this debt because I can invest money and get more then I pay in interest.

On the otherhand cash on hand is critical. If I save enough to pay down a debt completely I weigh the return on investment vs. paying off a debt so I have $200 more per month.

Unless you can off your mortgage or have a really high rate, I would say invest it in stable funds.

You already knew the answer.

Talk to your lender. Manylenders have programs that allow you to break your monthly payments in to 2 smaller payments amonth. This drastically lowers the overall amount you have to pay on your overall loan and you don't acturlly pay anymore money per month. The stock market is all well and good but requires quite a bit of expertice. Even people who really know what they are doing lose all the time. Keep your money safe and talk to your lender. It should work out ok for you. Good luck

pay your morgage off

The stock market is unpredictable. Still I would advise you to open an IRA and invest your extra cash is SPY (stock market symbol for S&P 500, also called a Spider). SPY is like a mutual fund with very low costs. As inflation marches on the dollars you use to repay your mortgage get less and less valuable and easier to get.

Do some of both.

Pay off your mortgage of course. The roof over you head should be your top priority. Also property pays better. A win win situation.

First, pay off the PMI insurance. You need to have 20% to remove the PMI. Once this is done, pay the minimum towards the mortgage and put the rest into the market, particularly a 401k or IRA. This is the best way to invest. Your best investment is a 401k, because the money goes in untaxed. With tax benefits, you only pay a few percentage points on your mortgage. Your money will be better off in a 401k.

For stock market investing ideas, see what the best investors are buying and selling at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.

Here are this month's best traders:

http://www.top10traders.com/Top10Standin...

Good luck.