The perfect MP3 player

Dennis devel at
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.
> Shane
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