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  #31  
Old 01-08-2007, 04:46 PM
scotchnrocks scotchnrocks is offline
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Join Date: Mar 2006
Posts: 808
Default Re: paying off houses sooner

[ QUOTE ]

LOL. Yeah, having the $640k instead of paying off the mortgages would have me worried to death if I lost my job. Where oh where will I get the cash to make next month's payments?

[/ QUOTE ]

On the flipside, how will you feel if you take the $640k and invest in index funds and lose ~6% your first two years (~$75k) while the mortgage principal stays basically the same?
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  #32  
Old 01-08-2007, 11:26 PM
pig4bill pig4bill is offline
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Join Date: Dec 2005
Posts: 2,658
Default Re: paying off houses sooner

[ QUOTE ]
[ QUOTE ]

LOL. Yeah, having the $640k instead of paying off the mortgages would have me worried to death if I lost my job. Where oh where will I get the cash to make next month's payments?

[/ QUOTE ]

On the flipside, how will you feel if you take the $640k and invest in index funds and lose ~6% your first two years (~$75k) while the mortgage principal stays basically the same?

[/ QUOTE ]

I don't invest in index funds. I have more imagination than that.
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  #33  
Old 01-09-2007, 10:30 AM
scotchnrocks scotchnrocks is offline
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Default Re: paying off houses sooner

[ QUOTE ]
I don't invest in index funds. I have more imagination than that.

[/ QUOTE ]

that's not the point
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