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UPS Discussions
UPS Stock almost to $120 this week...
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<blockquote data-quote="zubenelgenubi" data-source="post: 3108226" data-attributes="member: 63706"><p>I'm all for paying off a mortgage as early as possible. I know people will say that you will be better off in the long run with the interest you'll make in the market vs the interest you'll pay on the mortgage. The problem with that theory is if the market crashes just before you are ready to pull your money out, then you have to sit on your thumbs or take the loss (just ask the guys who were ready to retire around 2008). Paying off your mortgage will not only save you interest, but it'll free up the money you were paying every month to invest or spend as you see fit. If I was in a position to pay off my mortgage, I would cash out my stocks in a heartbeat. If you can only pay it down, then I wouldn't be so quick to cash out. I intend to cash out when I'm ready to launch my own business, if I need the capital.</p></blockquote><p></p>
[QUOTE="zubenelgenubi, post: 3108226, member: 63706"] I'm all for paying off a mortgage as early as possible. I know people will say that you will be better off in the long run with the interest you'll make in the market vs the interest you'll pay on the mortgage. The problem with that theory is if the market crashes just before you are ready to pull your money out, then you have to sit on your thumbs or take the loss (just ask the guys who were ready to retire around 2008). Paying off your mortgage will not only save you interest, but it'll free up the money you were paying every month to invest or spend as you see fit. If I was in a position to pay off my mortgage, I would cash out my stocks in a heartbeat. If you can only pay it down, then I wouldn't be so quick to cash out. I intend to cash out when I'm ready to launch my own business, if I need the capital. [/QUOTE]
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UPS Stock almost to $120 this week...
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