Re: Would it be better to invest or pay down mortgage?
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OK, I got the answer I think I already knew, that I should invest the money, I just wanted some validation.
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Mano, you should DEFINITELY use at least some of this to pay down the mortgage. The amount of interest you pay on long term mortgages is really sick. It would be so, so, so criminal for you to not take some of this to pay down some of your mortgage.
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Ummm, I assume I'm not understanding you correctly. Are you saying that he should pay part of the mortgage because the interest compounds? If so that makes 0 sense since the money will be compounding if it's in the market (or even savings account) also.
Let me know what I'm missing.
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