Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 11
That 13 position port, scratched together without much thought can yield around 6%.

my presumption with a portfolio like this would be that you are an expert on bank/financial balance sheets, loss reserves, and the like, right? Otherwise, you make a whole lot of great points but without knowing the sustainability of your current income, your investment results for the past 10 years, your plans for moving and such, and your spending habits I think most of us are going to frown on debt of any kind. Doesn't mean much, but I have a track record myself but have never flinched at getting rid of the mortgage as soon as possible, believing there is a tangible benefit to not being beholden to anyone else. Call it my Dave Ramsey moment, but it seems like you are a smart guy who saves a lot and knows how to manage your finances really well so why bother with the added risk? Besides, 2008-2009 showed that 'safe' is in the eye of the beholder, but maybe you cleaned up during that period and it didn't bother you to see stocks down 50% and more over a 6 month period. Did me.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.