No. of Recommendations: 0
My wife and I have some extra monthly income from a note we are holding on
land we sold about two years ago. We intially used it for payments on a car
loan. When that ended we thought that it would be best to put it into the house
as "extra" payments on our mortgage, which has an 8% rate. We have about eleven
more years of payments to receive at about $500 per month. At this rate our
mortgage will be paid out in nine years instead of 24. I am a retired 61 year old
former Gov't employee with a secured pension and a lifetime medical plan. My
wife is 10 years my junior. We have no credit card debt and both cars are ours.


1. Would we be "better off" putting that extra cash into the market in my taxable
account or continuing our current action?
2. If we put it into the market, where do we put the monies, i.e., buy every
month (we are with a discount house), put the money into their cash hold
account till we accumulate three, six or nine months worth?
3. If we buy, what do we buy...companies that are in our account now and are
doing well (although at or near highs) or do we buy other stocks that we have
researched and fit our level of risk?

We have positions in about twenty five stocks ranging from GE, HD, HDI, JNJ,
Dell, CMGI, Nite, Cisco, EMC, Sch, Msft, Intel, etc.

Note: I posted this on the portfolio board and received one suggestion: Invest in Intel via a drip account in that Intel should beat the 8% mortgage by at least three percent.

Any other options and the rationale behind them would be appreciated.

....fool on, robot

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.