Monday, May 29, 2017

Never pay off your Mortgage - The second $100,000 is the hardest!

Hello Everyone,

As the saying goes, hindsight is 20/20.

This is a post directed to myself years from now when I buy another home or rental property.  Never pay off the mortgage!

It was around this point, one year ago when my wife and I made the conscious decision to pay off our primary mortgage on our home.  I eventually ended up selling most - $100,000 of our stocks around the September 2016 time frame.  I sold another $20,000 around December and then another few chunks around the January time frame.  Looking back at this post:
and also this post:
you can see most of the information there.

From September when we took out roughly $100,000 to today, the S&P has rallied 13%.  Imagine that... a straight line up!