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VincentVega VincentVega is offline
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Join Date: Aug 2002
Location: MD
Posts: 5,747
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George, in hindsight I wish I had been more aggressive on attacking the mortgage. Had I funneled money that I invested into 401k, IRA, and mutual funds, it would have been paid off. Retirement savings is great, but in reality I was borrowing (mortgage) to invest. Not the best strategy.
What is your rate of return on your investments vs the real interest paid (including tax deduction)?

You usually make out in the end by investing instead of wrapping your $$ up in a place to live. Sure I could have paid down my mortgage more this year but I had a ~15% return in very basic investments. It's your $$ of course, do what works for you.

Great news on the job, hope it works out. I'm impressed with you car business, it's something I've been interested in but am more cautious. Well done.
Old 12-31-2014, 05:17 PM
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