If I pay the mortgage off, I will have piece of mind and I will have locked in my profits. However, if the market continues the way it has been going, I will have locked my profits in at a low level.I have sort of done both. I had parked some leftover money from a home inprovement loan in a mutual fund a few years ago, and was withdrawing the monthly payment automatically each month. After learning more I wanted to get my money out of the MF and into my own control, but I didn't want to just pull it out and suffer the taxes. I was making more money than the interest was costing me (sort of a low interest margin account). I was coming out well ahead of the curve. When the loan was paid off, I adjusted the amount and redirected it to pay automatically against my mortgage. This way I'm sort of reverse dollar cost averaging, locking in some profits, decreasing my debt, and slowly killing off my MF position. All new investment money has just gone straight into my Waterhouse account for me to invest. I'm pretty comfortable with it. Harley
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