Skip to main content

Advice on investing when having a mortgage

 Investing is a complex topic. Don’t just jump on it without first assessing the risk. Ask yourself what is your risk tolerance level, usually low returns equals low risk. Do you want to take a bigger risk? What is your investment window (1,5, 10 years)?

Look at your mortgage. What is your current interest rate? Do you plan to refinance it in the next 3,5,10 years?

Another alternative is to go 80/20 and pay this extra 2k per month and reduce the time you need to return your mortgage. Would that work for you?
Also, look at the cost of the investment instruments. One Financial adviser tried to sell me, unsuccessfully, a ridiculously expensive investment with lots of fees. Don’t fall for such traps and make your own research before trusting the internet for financial advice.

I hope those questions help you figure out what you really want to do.

Comments

Popular posts from this blog

The messy meeting

When you know there will be a messy meeting and there is nothing you can do about it, the best thing to do is to avoid it. Messy people produce messy meetings, and they take the time and the energy of everyone who is part of it. That is why instead of being part of this drama, find a better team and better meetings to invest your precious energy.

The recovery day

 What to do once all the presents are opened? Should we just move forward with our goals? As I wrote about recovery day after flying long distance. It is important to plan a recovery day after the holidays. This is your guilty free time.

New year preparations

 I stopped preparing for things since August this year. I decided to go with the flow. With no plans for the New Year, today I received an invitation to a party. Seems like not having any plan was the best plan in the end.