Shane Hathaway wrote: > Grant Robinson wrote: > >> The mortgage calculator I was using puts that loan at $1073 a month >> P&I, but for the sake of argument, let's just assume that works out >> to be $1000 a month. Now, lets assume you take that $500 a month >> pre-payment, and invest it instead. Let's assume a modest growth >> rate of 10%, over the life of the loan (which now is ~15 years). At >> the end of 15 years, if you invest $500 a month earning 10% a year, >> your investment will be worth ~$210,000.00 > > > Annual growth of 10% is a big assumption. How do you do that? Over > the past five years, I've lost a little money in retirement > investments and gained nothing substantial. My savings accounts and > CDs have done better! I even got help from a financial advisor. > > From what I can tell, making money as an investor requires a large > time commitment. I know some investors, and reallocating investments > is their full time job. They spend their time reading about their > favorite companies and guess at the market's reaction to > announcements. They look for ways to outsmart the market. If they > skip a beat, they could lose a lot.
I agree, someone point me to where I should invest my money. I have stocks and IRA and they are all in the toilet. I know how to rebalance my portfolio etc, but I don't have the time to do it productively. > > I couldn't match that kind of commitment without giving up things I > like to do. Thus investing doesn't look like a productive use of my > time, and paying off my house in a creative way looks like a very > foolish idea. > > Shane > /* > PLUG: http://plug.org, #utah on irc.freenode.net > Unsubscribe: http://plug.org/mailman/options/plug > Don't fear the penguin. > */ /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
