Aug. 21 at 8:30 AM
$CPRX
Should your next extra dollar go toward paying down your mortgage or building your investment portfolio? There is no universal answer—and the old advice to simply invest instead of paying off the house doesn't work for everyone.
Your mortgage rate, cash reserves, retirement contributions, taxes, liquidity, and comfort with market risk can completely change the calculation. What makes sense with a 3% mortgage may look very different with a 7% loan.
A 3% mortgage and a 7% mortgage are practically two different financial decisions. One may make keeping the debt and investing more attractive, while the other can make guaranteed interest savings increasingly difficult to ignore.
The bigger question isn't “Mortgage or stocks?” It's: Where can your next dollar strengthen your financial position without leaving you vulnerable when life gets unpredictable?
https://www.wizeinvesting.com/p/simple-steady-effective-building-with-500-a-month-in-lly
