 Is it wise to buy shares when they drop like crazy expecting them to regain soon!? |
| I mean I was playing virtual trade and I picked the biggest loser of the day and bought 1000 shares. next day they came back to their original price and I made a fortune. i wish I had used real money ... |
|
 Stocks, bond, gold...All Down? |
| Isn't something supposed to be going up?... |
|
 How do I invest in foreclosures? |
| How do I invest in foreclosures? I was snooping around the real estate classifies and saw some VERY good deals on houses. Are these good investments to buy and rent out? Are these good investments ... |
|
 How can I short America? |
| I want to profit on the collapse of America later this year. Are there options I can purchase for maximum profit?... |
|
 Hi i would like to buy some shares in virgin but dont know how i go about this any help out there? thanks? |
Additional Details
well i wasnt going to was in the music i was going to in the broadband since there planning on offering 100mb which i think will sell like ... |
|
 Dragons den question? |
Lets say a dragon gave an investment of £100,000 for 10%, what does this mean i.e. what does that 10% enable the dragon to have ?
T... |
|
 Investment??????? |
| can someone please help me. I did the whole forex thing, but didn't work out. Can anyone tell me where i can invest that is a little less risky? thank ... |
|
 How should I invest 20,000 GBP? |
| Please keep in mind that this is my first time investing. I know nothing about it, so please try to explain your answers.... |
|
|  |
AHA | If I have cash to pay off mortgage, am I better off paying it or keeping the loan.? |
House is in USA. |
 |
 
Knowledge Seeker
 |
My brother who manages 401(K) plans said this to me:
Why pay a buck to save 40 cents? (Refering to the income tax deduction).
It's good to have enough cash or liquid assets on hand to pay living expenses for 6-months to a year in case you lose your job.
Given current interest rates for savings, you are probably better paying down the mortgage than holding onto the cash.
Certainly paying of debt is a sure investment. Investing in stocks is risky.
If you have credit card debt or consumer debt such as cars, pay them off first.
The referenced article shows you how to do the math to decide what is best for your particular situation. |
|
quizkid
 |
Probably keeping the mortgage. Here's how you figure it out:
What is the mortgage actually costing you, after taxes? Remember you get a deduction on your income taxes for mortgage interest.
What can you earn in investment income from the money you keep if you don't pay off the loan?
If you come out ahead by paying off the mortgage, do so. But if your money is actually doing more for you by being invested and giving you a tax break, keep the mortgage.
Another thing to keep in mind is that you can deduct a whole lot of other things on your taxes if you have enough deductions to itemize. If you don't have any mortgage interest, you may have to take the straight deduction rather than itemizing and that could be a disadvantage. But talk to an accountant before you do anything. |
|
MommaT
|
Pay it. You won;t be wasting money on interest, you're free to do with the property whatever you want, including improvements and demolition without permission from lender, and you will have equity. However, you may consider paying a lot and then investing some. |
|
bartender_jeff
|
it depends on the rate you are paying and the time remaining, but if it is in the 5-7% range you would be better off investing the money in the stock market where you can get a greater return then the 5-7% mortgage you are currently paying |
|
*USE THIS INFO AT YOUR OWN RISK!
 |
It depends on your situation. Interest paid on your mortage of your primary residence is tax deductable, so it often makes sense to keep the mortage. Depending on your interest rate you may be better off investing the money, as long as it out performs the interest paid on the mortgage. If you have a variable rate, get a fixed one. If you are at risk of default, keep it as cash reserves.
That's the best I can do without knowing more about your situation.
Use at your own risk. Talk to your financial advisor. |
|
ishock17
|
the longer you wait the more interest you will pay on it. so go ahead and pay it off, and that way if you wanna sell it for some reason, it's a 100% pure profit, right into your pocket. Please rate me! thanks |
|
Quizmo
 |
To decide what is right for you there are several things to consider. Like, what is your current interest rate and is it a fixed rate? What is more important to you, lowering your monthly debt, or raising your monthly income? Do you have other debts with higher interest rates (equity loans, credit cards, auto loans, etc.) While a large sum of cash could pay off your existing mortgage, it might also be used to buy a second (income property) home. Where as, the lease income would not only cover the payment and interest your paying per month now, but also supply you with additional monthly income above that amount. The problem with just paying off your mortgage and feeling secure in that, is that all the equity in your investment, is basically sitting there and not working to make you money. While it's true you are saving the interest (providing there is no early pay off penalty in your loan) aside from gradual appreciation in your property, your money is done working for you at that point. Also there is the fact that the interest in your mortgage is a tax deduction that you will no longer have. Ultimately, what is right for you, depends on you, your ambition, and your geographical location. (as with all real estate investment, location is everything) I hope these pointers give you additional insight to aid in your decision. Unfortunately, no one can answer your question except you. Regards, and Good Luck |
|
machelle_18
|
Personally, if it were myself, I would pay off the mortgage and then buy an investment property. I think there are a couple benifits to this. One, you still have some type of write-off on your taxes, you have additional income to cover the other mortgage, and if something were to happen and you lost your job, you could sell of the other home, perhaps pay some capital gains if you had any gain in equity, and still have no mortgage on your primary residence. I think ultimately it could raise your net worth. Thats what I would do. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 21 minutes(s) ago
| | | |
8 | 32 minutes(s) ago
| | | |
8 | 3 hour(s) ago
| | | |
8 | 5 hour(s) ago
| | | |
8 | 10 hour(s) ago
| | | |
6 | 2 day(s) ago
| | | |
9 | 5 day(s) ago
| | | |
7 | 1 week(s) ago
| | | |
8 | 2 month(s) ago
| | | |
8 | 6 month(s) ago
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
