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Should I put $5000 into my mortgage or try to invest in stocks? |
I've put in 3 years on a 30-year mortgage of $115k with 6% fixed interest. I want to use my extra $5k to its fullest potential. I've been eyeing stocks but I'm not sure what's the best investment. paying off on a 6% mortgage is a slam dunk safe investment. stock market has already moved much higher from its 2002-2003 lows and does not offer a guaranteed 6% return. Somewhat conservative advice, I think you will be better off. Good Luck. Never gone through a mortage (20 years old) But I would throw it back at the mortage. So as to be out of debt sooner unless your good at the stock games. Then maybe split it in half. Could you earn more than 8% fixed? |
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