Shares are not safe. Cash is not safe. Government bonds are not safe.
Pay off your mortgage.
If the bank collapsed, they'd still owe their mortgage. The loan would be an asset sold on to someone else.why paying mortgage then? banks would also collapse in that scenario?
why paying mortgage then? banks would also collapse in that scenario?
if someone is concerned about apocalyptic meltdown why not invest in physical gold?
Brilliant! Early candidate for post of the year.In such an apocalyptic scenario, when I come through your front window looking for a tin of tuna or beans, what are you going to do with that physical gold? Fashion a beautiful baseball bat-shaped weapon out of it to bludgeon me to death?
Saving / investing in gold obviously... To be ready for the apocalypse...Then earmark the “old” mortgage repayment amount for saving/investing/pension.
In this scenario, a shotgun would be more useful than gold...full Zombie Apocalypse is a point where utlities don't work, rule of law deteriorates, payments systems break down and supply chains are badly disrupted.
In this scenario gold becomes very useful
In this scenario, a shotgun would be more useful than gold...
You will have to pay people quite a lot to sit around and defend it too.
What is best if the sole income in the household goes in the next couple of weeks, which now is a real possibility.
Isn't it better to keep cash savings? And drip feed it into the mortgage if necessary?
If the job is gone - we couldn't top up our mortgage again, nor could we get a loan (eg for college) until a steady income was secured, and with 6 months probation done.
It feels better and reassuring to have re-paid the mortgage but does it make any financial sense?
In this scenario, a shotgun would be more useful than gold...
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