I recently built a house and got a 30 year mortgage at 4.2 percent interest. I sold my old home and I am sitting on the positive equity. I was speaking with a financial guy about putting the money on my principal or putting money down and refinancing for 15 years. He suggested that I invest the money. He made some spreadsheets that showed what the money could do based on past years. He said an average of 9 percent return. I had a hard time believing it and saw another investment guy at my bank. That guy showed the same stuff. I'm still having a hard time believing this. What am I missing? Is the spreadsheet smoke and mirrors and they rape that 9 percent with fees and I only see a fraction? Are you guys seeing these returns in the market? Should I invest or be better off putting the money on my mortgage?
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