Soldato
Interesting discussion the last page or so. I’m struggling with the same thing this very moment. I have a decent wedge in the stock market at the moment that’s just been going bonkers due to the current AI craze. We can now pay off the mortgage and be left with the same dollar amount we had in there 22 months ago. I’ve been wanting to do it since last year but keep opting to keep riding the pony ‘just one more month’, aka, pushing my luck. It’s all ETF investments so not massively risky, but we literally cannot earn what the stock market is raining down on us at the moment thanks to the Mag 7. But when AI goes ‘boom’, I’ll be a bit annoyed for the lost opportunity of getting this last monkey off my back.
It’s not the clever thing to do and in the very long run it’ll cost us 100s of thousands in lost gains, but we’re mortgage free next week if we wish. If our lifetimes were a 1000 years, it’s an easy decision. Not so clear at ages 44 and 41, respectively.
The interest we’re paying to the bank isn’t even a factor in comparison to the gains. It’s nothing, it’s peanuts. It’s just psychological.
Replying to myself with 2 months hindsight. 5 times running now. Once again thankful I didn't do this, the march is still all the way up.
I'll reply to you to make it out you're not bonkers... but the times that you're posting doesn't help your case... lol
It's worth doing the maths... IF you were to liquidate you would be saving the % of the whatever your mortgage rate is... how fast can you get that amount back into stocks and shares once you don't have to pay a mortgage and can use that amount to invest?
Also it's not a wholesale game... there's nothing stopping you from liquidating only a percentage of your stocks and shares, say just your stake and keeping you profit still in the market? it would remove your risk in the market and hopefully still make an increase in the market, it may even drop the intreast rate of your mortgage down a few % or/and allow you to pay less towards your mortgage again freeing up the cash to invest.
I'll certainly be doing the maths in a few years time when my mortgage deals expires and I'll be in the situ to hopefully be able to pay it all off...
As long as you are freeing up the money from paying your mortgage to re-invest in to the stock market, putting into your pension; which is even better because of the tax or even leaving your job to have a less stress life (cause that's a bigger monkey for more people), then personally I few % lost/gain here or there isn't a biggie imho.