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Welcome to SportTrac.Org
Off Topic Discussion
Mortgage Questions
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<blockquote data-quote="Thomas Rogers" data-source="post: 767596" data-attributes="member: 60724"><p>Les,</p><p></p><p></p><p></p><p>Buying into an index fund the past several decades would have had minimal risk and if invested over the same period of a mortgage (15+ years) would have yielded on average +10%.</p><p></p><p></p><p></p><p>Sure, the last 5 and 10 years aren't that great, but still beat 5% pretty darn well (see link). Of course, nothing is without risk.</p><p></p><p></p><p></p><p>My point was that if people are giving the advice that paying extra down on your mortgage is a sound way to save money then I agree; it will save money. However if the thought is that paying extra is a good investment then that probably isn't true as there are better investments, IMHO.</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 767596, member: 60724"] Les, Buying into an index fund the past several decades would have had minimal risk and if invested over the same period of a mortgage (15+ years) would have yielded on average +10%. Sure, the last 5 and 10 years aren't that great, but still beat 5% pretty darn well (see link). Of course, nothing is without risk. My point was that if people are giving the advice that paying extra down on your mortgage is a sound way to save money then I agree; it will save money. However if the thought is that paying extra is a good investment then that probably isn't true as there are better investments, IMHO. TJR [/QUOTE]
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