The perfect MP3 player
devel at muhlesteins.com
Mon Sep 19 11:26:58 MDT 2005
Shane Hathaway wrote:
> Grant Robinson wrote:
>> The mortgage calculator I was using puts that loan at $1073 a month
>> P&I, but for the sake of argument, let's just assume that works out
>> to be $1000 a month. Now, lets assume you take that $500 a month
>> pre-payment, and invest it instead. Let's assume a modest growth
>> rate of 10%, over the life of the loan (which now is ~15 years). At
>> the end of 15 years, if you invest $500 a month earning 10% a year,
>> your investment will be worth ~$210,000.00
> Annual growth of 10% is a big assumption. How do you do that? Over
> the past five years, I've lost a little money in retirement
> investments and gained nothing substantial. My savings accounts and
> CDs have done better! I even got help from a financial advisor.
> From what I can tell, making money as an investor requires a large
> time commitment. I know some investors, and reallocating investments
> is their full time job. They spend their time reading about their
> favorite companies and guess at the market's reaction to
> announcements. They look for ways to outsmart the market. If they
> skip a beat, they could lose a lot.
I agree, someone point me to where I should invest my money. I have
stocks and IRA and they are all in the toilet. I know how to rebalance
my portfolio etc, but I don't have the time to do it productively.
> I couldn't match that kind of commitment without giving up things I
> like to do. Thus investing doesn't look like a productive use of my
> time, and paying off my house in a creative way looks like a very
> foolish idea.
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