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Mar 25, 2020
2:27
:06
pm
BYU71
Truly Addicted User
Except for mortgage I agree, investment money
Is money you don't need for 3 years at least, 5 preferrably.
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BYU71
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BYU71
Joined
Apr 23, 2001
Last login
Oct 31, 2024
Total posts
68,772 (1,531 FO)
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Messages
Author
Time
Has the market crash over the past couple weeks changed your mind about
Odysseus
3/25/20 2:20pm
It has been a huge blessing to be debt fee (except a mortgage) for the past 10 years.
TheLoneCougar
3/25/20 2:23pm
<< Deleted >>
Abe Froman
3/25/20 2:24pm
If you locked in a rate at 2.99% why would you want to pay that down quicker?
memento
3/25/20 2:37pm
<< Deleted >>
Abe Froman
3/25/20 2:40pm
I agree with this. Yes, you could invest and maybe make more, but being
Breaded Hamster
3/25/20 2:42pm
<< Deleted >>
Abe Froman
3/25/20 2:43pm
Of course not, as long as your overall asset allocation
memento
3/25/20 2:50pm
If you take out a lot of debt just before the banks fail, it could work out well
Art Director
3/25/20 2:25pm
Pay down debt
Swish
3/25/20 2:25pm
how do you pay down debt with food storage?
cougarnerd
3/25/20 2:29pm
Edited it sorry that didn’t make sense.
Swish
3/25/20 2:54pm
Not at all.
lagryffe
3/25/20 2:25pm
That seems optimistic even in good times.
crack
3/25/20 2:27pm
Maybe. But the bottom of 2009 took us to >100% returns over 5 years
lagryffe
3/25/20 2:42pm
<< Deleted >>
Abe Froman
3/25/20 3:09pm
Let's just say I did really well the last time around and have been waiting
lagryffe
3/25/20 3:15pm
<< Deleted >>
Abe Froman
3/25/20 3:24pm
Nor am I. I've sold nothing and have ridden this thing down.
lagryffe
3/25/20 3:29pm
RE: On paper, sure, but how many timed the bottom perfectly?
memento
3/25/20 3:17pm
<< Deleted >>
Abe Froman
3/25/20 3:23pm
Don't think you understood the premise of the article...
memento
3/25/20 3:32pm
Maybe, maybe not- I think there are definitely different levels of risk aversion
Breaded Hamster
3/25/20 3:43pm
Not sure why but I feel the exact same.
chitownboy
3/25/20 2:38pm
Except for mortgage I agree, investment money
BYU71
3/25/20 2:27pm
If your premise was markets never crash when you started to invest
memento
3/25/20 2:37pm
It has strengthened my resolve that investing right now is preferable to paying down debt.
Pimpin4Paradise
3/25/20 2:40pm
I always looked at paying off debt as reducing risk.
CosmoK
3/25/20 2:42pm
And now you know why those of us who have been through the big crises in early 70s, early 80s, 2001, 2007-8, etc
Zenoch
3/25/20 2:46pm
May be a boomer but you are boomer who can sleep at night. I agree with your
Ycrazy
3/25/20 3:30pm
One other thing to consider is the tax benefit of mortgage interest
lagryffe
3/25/20 3:40pm
Pay down all debt except home mortgage
Gente_Boa
3/25/20 5:54pm
We paid off our house about 3 weeks ago. It may not be for everyone, but it
crack
3/25/20 6:09pm
I will continue to put any extra I make into paying off the only debt we have
Gerald-DeGroot
3/25/20 6:27pm
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