16-11-2013, 01:29 PM
(16-11-2013, 12:54 PM)Patrick Lim Wrote: Hi Guys
It's funny how our mind/attitude works..earning more money from stocks,bonds etc. Think that the best risk free investment given cschua's scenario is to pay off bank mortgage first ! A $ saved (in interest) is more than a $ earned.Stocks/bonds move in cycles but mortgage interest don't
His current mortgage interest should be pretty low, likely around 1-1.5%pa. It should be relatively easy to beat that rate.
Maybe when the mortgage interest raise above 4%, then I will consider whether should I pay off my own mortgage, or continue with investment.