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Money Vanity
Today | Self

Posted on 01/10/2016 12:33:51 PM PST by al baby

What would you recommend doing if you have 25 thousand dollars to invest today Where would you put it pay down our mortgage that amount relates to about half of what we owe on a modest condo any ideas


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: finances; investment; money
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I trust many here are far more savvy than I thank you for your thoughts
1 posted on 01/10/2016 12:33:51 PM PST by al baby
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To: al baby

I would pay down the mortgage and work towards debt-freedom...but that’s just me.


2 posted on 01/10/2016 12:35:43 PM PST by gorush (History repeats itself because human nature is static)
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To: al baby

Getting yourself out of debt is an investment that’s a sure thing.


3 posted on 01/10/2016 12:36:20 PM PST by Steely Tom (Vote GOP: A Slower Handbasket)
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To: gorush

We adebt free except the mortgage my acct. says pay down the mortgage as well but where do you see the savings in paying it off early?


4 posted on 01/10/2016 12:37:21 PM PST by al baby (Hi Mom yes I know)
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To: al baby

It depends. What kind of mortgage do you have? Fixed rate or adjusted rate? I think the bottom line is: can you invest that $25K and earn a better rate of return than the interest rate you’re paying on your mortgage?


5 posted on 01/10/2016 12:37:36 PM PST by be-baw (still seeking)
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To: be-baw

Fixed


6 posted on 01/10/2016 12:38:40 PM PST by al baby (Hi Mom yes I know)
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To: al baby
yup, pay down the mortgage...
7 posted on 01/10/2016 12:39:50 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY - Luke, 22:36)
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To: al baby
Pay off all other debt. Apply what you can to the mortgage to get the payoff date closer. But don't be in such a hurry to pay it off totally. You'd lose the tax deduction.

But clearing the rest of your debt would be a good thing with regard to what's coming.

8 posted on 01/10/2016 12:40:29 PM PST by Bloody Sam Roberts (Democracy is not freedom. Democracy is simply majoritarianism. It is incompatible with real freedom.)
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To: al baby

Tough Call. 25k at the bottom of a bear market can reap Yuuuge rewards.

Depends on your current rate and risk ability.


9 posted on 01/10/2016 12:40:41 PM PST by eyedigress ((Old storm chaser from the west))
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To: al baby

Commercial Bridge Loans

http://www.moneyanswers.com/

Now, what would you do if you had $25 to invest tomorrow?


10 posted on 01/10/2016 12:41:58 PM PST by MileHi (Liberalism is an ideology of parasites, hypocrites, grievance mongers, victims, and control freaks.)
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To: al baby
What is the interest rate on your mortgage?
11 posted on 01/10/2016 12:43:33 PM PST by Aquamarine
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To: al baby

Paying your mortgage off early is the same as investing the money in a fixed rate investment with a guaranteed return equal to the interest rate on the mortgage.


12 posted on 01/10/2016 12:43:49 PM PST by Labyrinthos
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To: al baby

Are you logged in? :)


13 posted on 01/10/2016 12:43:56 PM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: al baby

Paying down the mortgage is not a choice I would select if your mortgage rate is below 5%. Buy some dividend returning stocks with 20 grand and keep the other five at home for an emergency.


14 posted on 01/10/2016 12:44:01 PM PST by B4Ranch
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To: al baby

What interest rate are you paying? How many months or years will it take to pay it off?


15 posted on 01/10/2016 12:45:26 PM PST by be-baw (still seeking)
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To: al baby
I would take care of other, higher interest debt first (credit cards and the like), then hit the mortgage.

You wouldn't beleive how fast the money starts piling up when you pay off your mortgage...

16 posted on 01/10/2016 12:46:09 PM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: al baby

I’ll invest it for you. Lol


17 posted on 01/10/2016 12:48:40 PM PST by Tamatoa (Fight for our America, Fight for our Country I fought to defend!!!)
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To: al baby

Do you have an emergency fund equal to two months of required spending, ie, mortgage, groceries, utilities, healthcare, etc.? If not fund the emergency fund. Any leftovers go against the mortgage.


18 posted on 01/10/2016 12:50:36 PM PST by DugwayDuke
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To: al baby

I would not pay down a mortgage if you have a low-rate fixed loan. I think the stock market is in for some democRAT-induced crisis before the election just like they did in 2008. I would hold on to the $25K until the stock market/investors are in the greatest panic and that is where you want to buy into a couple of mutual funds spread across growth, income and value strategies.


19 posted on 01/10/2016 12:56:53 PM PST by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: al baby
If I was debt-free (aside from the mortgage), I would invest it in Apple.

Otherwise, I would pay down my non-mortgage debt.

If mortgage is your only debt and you can manage the payments, it's likely you have a low interest rate on it and that $25,000 could earn higher interest elsewhere. Reason I choose Apple to invest in is that the stock is probably underpriced right now. My previous Apple investment increased over 20x during the 2000s and I would love to ride that wave again.

Had you invested $25,000 in Apple in 2002 (just after the iPod), it would have been worth nearly $2,000,000 just 10 years later.

20 posted on 01/10/2016 1:05:20 PM PST by SamAdams76
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