Buying stocks specifically to pay off mortgage.
Im currently thinking of buying stocks to pay off my mortgage. I’ve gotten at least 70% returns in my two portfolios I’m currently paying an extra 2500 a month in principal payments. My mortgage is 2450 a month. I owe 235k. I’ve been thinking about starting an investment account and investing the 2500 a month. Until I get enough to pay off my mortgage then I would make one big payment to pay off the mortgage.
When I do my calculations at the rate I’m paying it would take 5-7 years
If I invested the 2500 a month according to a compounding interest calculator I could have it paid off in 2-4 years with a minimum return of 40%
Thoughts?
Most Popular Reply
My initial thoughts is that this post has nothing to do with real estate, and everything to do with you stroking your ego and bragging about your recent stock market success. The only thing that would make this post more obnoxious is if you had a link to your guru masterclass where you teach people how to achieve similar stock market gains.
Anyone who claims that they can on average obtain a minimum return of 40% in the stock market over a several year timeframe is either....
A. stupid
B. Selling something
C. Naive