Just finished calculating year end financials and am curious regarding the thoughts people have between paying down your mortgage and investing the money instead in something like a total market index fund.
I am 51 and now FI. I hated the idea of debt and paid off my student loans in under 2 years, bought a smaller house than I could afford and paid down the mortgage early and have been debt free for a number of years. Out of curiosity, I looked what those extra payments could have yielded had I put them into the market. I probably could have had about 50% more than the 800k of equity I now have in my home. What's done is done and while I enjoy having no debt, it is kind of hard to think about the missed opportunity cost even though obviously there was no guarantee it would have paid off to invest back then. I also was 100% in stocks during that time, treating my home equity payments as a "bond type" fund as far as risk was concerned
I am wondering what others have done and how they view this situation many of us face?
I am 51 and now FI. I hated the idea of debt and paid off my student loans in under 2 years, bought a smaller house than I could afford and paid down the mortgage early and have been debt free for a number of years. Out of curiosity, I looked what those extra payments could have yielded had I put them into the market. I probably could have had about 50% more than the 800k of equity I now have in my home. What's done is done and while I enjoy having no debt, it is kind of hard to think about the missed opportunity cost even though obviously there was no guarantee it would have paid off to invest back then. I also was 100% in stocks during that time, treating my home equity payments as a "bond type" fund as far as risk was concerned
I am wondering what others have done and how they view this situation many of us face?
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