![]() |
|
| *Home>>>Money Investment |
Investment of mortgage? |
I've managed to save 拢100,000 which is equal to the outstanding mortgage I owe on my home. Is it best to keep that money as investment or should I pay off my mortgage and start my investments again from zero? Pay off a large portion, but invest some, you never know when you may need it. The web-link below has a question and answer that is similar to yours. Pay off your mortgage, especially when the interest rates are the way they are at the moment. You should (as financial people used to like to say) "run the numbers." Do you get any tax deduction for your mortgage payments? If so, how much do you save? Is that less or more than the after tax total returns you would get if you invest the money? First you need to understand what you want to do? Do you want to become an active investor? If so, then start educating and training yourself to become an investor. Maybe buy a rental property, or start a portfolio of shares. But first know what you want to achieve. But if you cannot make up your mind, consider the following: |
| Tags |
| Online Business Offshore Investment Mutual Fund Money Market Funds Money Investment Managed Fund Make Money Low Risk Investment Long Term Investment |
| Related information |
If you find anyone willing to invest $25K in a growing creative hotshop venture do tell me. ...Monopoly is a great one for teaching money and investing. Any game that uses money in play will work as well but monoply has the buying and selling of property. check out this web site its ba... Great question! What it seems to me that you are asking us is to help you be your own money manager during an upcoming and specific market cycle. I question whether anyone answering on this... Everything is negotiable. Tell him if he wants the full amount, you want him to take the amount you would earn in interest in your investment off the price of the home. ...Gold bullion ...They can be bad investments and more often than not are. On the plus side, they defer taxes until money is withdrawn. On the down side, for most people the fees above the mutual fund fees excee... Provided you don't have to pay taxes on this lump sum burning a hole in your wallet, do this... 1. Pay off any unsecured debt first (student loans, credit cards). Line up the debts from s... Do you mean the interest rate tripled? If so he may not have any other option. If he can not afford the payments, what would you expect him to do instead? I do have to agree somewhat with you muc... |
Categories--Copyright/IP Policy--Contact Webmaster |