> I really don't believe that's true. First, in order to "make out better", the return
> on my investment has to be HIGHER than the interest rate on my mortgage. Current
> mortgage rates are around 4.5%, so I'd need to have a return better than that, on
> average over a 30-year period to come out ahead. Bonds don't yield over 4.5%, CD's
> certainly don't, all that's basically left are stocks, mutual funds, and ETFs, none
> of which is particularly stable or guaranteed. Sure, I MIGHT make more in the stock
> market, but I could also lose it all. Over thirty years, it's a huge gamble.
>
I refinanced at 4.125 last November, and looking at Quicken, my investments have averaged better
than that the last 1, 3, and 5 years. Interest rates are historically low right now, but it wasn't very
long ago that you could get a longer term CD in the 5% range. Sure, you can't get a 5% CD now,
but rates probably won't stay historically low forever.
Also, when the dollar inevitably crashes and hyperinflation occurs, I'll be able to pay off my entire
mortgage with one of the $1,000,000 bills the ice cream man gives me as change.
Oh for Pete's sake.
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Re: So if you had of listened to your Loony Bin Financial Advisor
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