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Author: foolnomore Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: Roth IRA vs. Mortgage pre-pay Date: 1/13/1998 7:44 PM
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I have aggressively prepaid my mortgage for the past several years and now have a good bit of equity in my home. Since recently reading the Fools books and visiting this site I've gotten excited about investing and getting my money to work harder for the long haul. I'm comprimising. I will still still prepay my mortgage (but to a lesser extent) for the previously mentioned peace of mind that accompanies seeing that balance dwindle. The rest I will put into Foolish 4 stocks, some obvious greats, and who knows, maybe even a small cap I find on my own. Pixy is right too, Quicken or any other number of programs are readily available to track your additional payments and it's simple to check up every now and then with a simple phone call to your mortgage company. Definately do it yourself, no need to shell out $400.00 to someone else unless you're undiscipined and can't trust yourself not to spend the money on whatever we find to blow it on this month. Get started and have fun.
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