brehon6789
Registered User
- Messages
- 42
Hi All
I have a quick question. At the moment i have a mortgage of 210k at a rate of 5.25%, but i have recently recieved 60k by cashing in one of my investment properties so i am looking at investing this money in the stock market. So heres my question.
by not paying off my mortgage i have to really look at making more than 5.25% on the 60k but do i also have to factor in inflation? So if i invest 60K, my investment has to yeild the 5.25%(Interest on loan) & 4%(rate of inflation)? So in effect i have to make a return of 9.25% on my 60K.
Have i got this right?
Thanks
Brehon
I have a quick question. At the moment i have a mortgage of 210k at a rate of 5.25%, but i have recently recieved 60k by cashing in one of my investment properties so i am looking at investing this money in the stock market. So heres my question.
by not paying off my mortgage i have to really look at making more than 5.25% on the 60k but do i also have to factor in inflation? So if i invest 60K, my investment has to yeild the 5.25%(Interest on loan) & 4%(rate of inflation)? So in effect i have to make a return of 9.25% on my 60K.
Have i got this right?
Thanks
Brehon