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SVTPerformance's Chain of Restaurants
Road Side Pub
Paying off debt
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<blockquote data-quote="bmxer89" data-source="post: 16535054" data-attributes="member: 78671"><p>If you have 100k sitting in a money market which pay less than 0.5% currently and you do not have plan of using it for anything like a dp on a house than that is bad new bears Put that shit in a Vanguard S&P500 index fund. Adjusted for 2% inflation a fund like that returns 8% a year over the long term. If your mortgage rate is 2.5% you are practically borrowing money for free. The only advantage to paying off your house early with that kind of rate is piece of mind of not having a mortgage but long term you would have way less money by paying off your house instead of putting it in the market.</p></blockquote><p></p>
[QUOTE="bmxer89, post: 16535054, member: 78671"] If you have 100k sitting in a money market which pay less than 0.5% currently and you do not have plan of using it for anything like a dp on a house than that is bad new bears Put that shit in a Vanguard S&P500 index fund. Adjusted for 2% inflation a fund like that returns 8% a year over the long term. If your mortgage rate is 2.5% you are practically borrowing money for free. The only advantage to paying off your house early with that kind of rate is piece of mind of not having a mortgage but long term you would have way less money by paying off your house instead of putting it in the market. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Paying off debt
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