Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
 Best Of RIBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of RIBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd

The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Personal Finance / Retirement Investing
Unthreaded | Threaded | Whole Thread (3) |
Author: richinmd   😊 😞
Number: of 1281 
Subject: Re: Why to not pay off your mortgage.
Date: 04/26/25 4:23 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 4

I think even if the mortgage is costing you a bit over the interest you are earning on the cash you are holding, it still is a good idea to have a large pot of cash for emergencies depending on your overall financial situation.

Someone years ago told me "People will give you all the money you want when you don't need it but when you really need it, often you can't get it or it comes with a huge cost."

Obviously if a mortgage is 8% and you can only make 4% it might be another story.

I messed up my timing with buying/selling houses in the 2019-2023 time frame and missed out on some bargains but sometimes other things in life get in your way.

Rich
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to richinmd here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 1,207 posts about Retirement Investing. The article-length ones it recommended most:
The Case for Long-Term Buy and Hold Investing · 49 recs · 2025
Transferring assets to the next generation · 20 recs · 2025
Retirement Year 8 · 17 recs · 2025
(nearly) year one of retirement has been good · 11 recs · 2026
Buying Treasuries Via Vanguard · 10 recs · 2023
Unthreaded | Threaded | Whole Thread (3) |


Announcements
Retirement Investing FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Ticker or Board Name Author

Best Of RI | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community