Paula M
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You should have used common sense......why in the world wouldn't you pay off your mortgage..... I mean, even if the stock market exploded and you made a killing..... you still have a mortgage payment.....and then you would have risked all the "easy profit"....and bam! gone six months later..stock market is gambling - supposed to be fun, but NOT life altering.
Pay off debt.....save an emergency fund..... go enjoy life and dabble in stocks.....
What a dream if you had no mortgage payment and could sock away $1,200/MO with EASE.....
duh! |
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rtfm
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You seem to be assuming that because the value of your stocks is low, you have lost money.
You haven't lost any money yet -- unless you're *selling* your stocks at the current low prices. If you hold on to those stocks, over time you WILL find that they increase in value again. If they're decent stocks, they'll give you a much larger return than 5.25 percent over time.
Many people on message boards *are* clueless, I agree. That doesn't mean that holding stocks now is a bad idea.
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Rose Garden
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You have nobody but yourself to blame. You should have discussed with an actual financial advisor employed with a reputable company. Nobody here conducted any transaction(s) but you with your money. Sorry, but sometimes the truth hurts. |
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Mandie
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Sorry, but you are clueless for taking financial advise so extreme from a message board. You should have researched it yourself, which I'm sure you did. But you're just trying to blame someone other than yourself, who is ultimately responsible. |
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witherinlily
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no one knew that the stock market would fall like it did but If I had been here I would have suggested paying off a mortgage |
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jkrd156
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If you paid off the mortgage, you ARE better off. If your stock values are down HOLD! If you don't sell, you haven't lost anything. Since the market is cyclical, it will come back. It ALWAYS has! Thinking you would be better off all cash is borderline clueless. |
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Rick M
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if this is where you go for life-altering financial advice, you're an idiot! On another note, hang in there. We have nowhere to go but up. Besides, you can still write off your mortgage interest. |
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Studly
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I hate to break it to you...but it's likely that your home is worth less then a year ago also.
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Kay
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Last year, most of the wall street pros were advising to buy stocks and stay with the market. So, did Yahoo answerers.
In the end, you are responsible for your own decision particularly when it involves money matters.
What if the country did not face economic crisis, no mortgage defaults/foreclosures and stock market kept going up? What would you have said then, though I never gave or give advise on what stock to buy/sell/hold, get in/out of the market because I don't have a crystal ball telling me the future of financial market.
It's prudent to do your own homework and decide for yourself what's the best course to take. I found that Yahoo Finance gives analytical data on various financial issues.
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Kitty Cat
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nah, everyone knows that bricks and mortar is solid and stocks are volatile.
Stocks are for people who don't mind losing. You are an adult, aren't you? Use your common sense.
Btw I am buying stocks right now, from scared people who are taking a 50% loss. Do the same! lol. |
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Derek (Steelers, SB champs)
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Second answer hit the nail on the head. |
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panduh94
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im sorry they were wrong. that's why sometimes you have to rely on yourself and do what you think is right, not what other do. |
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oldnodd
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well I wasn't on here last year - for last two years I was busy selling everything and setting up again without debt! I would have advised to sell then as this has been on the cards for some time now - two years ago I wrote an article suggesting people take a close look at their investments before the inevitable crash! |
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