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Author: PokeyB One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76397  
Subject: Re: NEVER Pay off your Mortgage (IMHO) Date: 7/9/2000 10:43 PM
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If you read this under an earlier thread, please excuse the repost but I accidentally stuck it in the wrong place.

I would have to come down on the side of paying off the mortgage.

I just paid my mortage off first of this year. But I don't view my home as an investment in the
same vein as stocks. Even though the interest is tax deductible, you do have to pay back
the principal, all in fixed inflexible payments come rain or shine. A real anchor in my
mind. My goal is to become debt free. And I have run my business that way also, which
gives me the cash to invest in stocks instead of paying off debt.

A lot of the companies we follow here..........the ones considered Cash Kings, have no
debt...............and we consider that a good thing.

Of course, this is one of those topics that can be debated both ways, and really boils down
to personal preference. I can see both arguments, and in fact considered re-mortgaging
my house to invest more in the market, but in the end I decided that I like the debt free
position better. I'm sure I sleep better.

George
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