My simple thinking is let’s say you have $25,000 left on your mortgage with a $600 monthly payment and also $25,000 that you want to invest. In this instance I say pay off the mortgage, thus ending your $600 monthly payments. One couldn’t expect a $600 monthly return on investing that, so I feel it’s a no-brainer.
One more tidbit: There are always ETF’s (exchange traded funds). The minimum to buy is one share (varies). They’re bought through brokerage accounts. Individual brokers (Schwab, Fidelity, E-Trade, Vanguard, TD, etc.) have their own groups of ETFs with no brokerage commission. If you buy them through Robinhood, all ETFs that you’re able to buy there should have no commission.
There are also plenty of low-cost stock and bond index funds you can buy at Schwab. Some of these Schwab Funds have investment minimums at $1. Maybe worth a look at. I do own some.
Link to a CNBC page for people who have done it. I don’t feel $1 - $1.3 million is enough for a couple, especially starting retirement in their 30’s and 40’s (even not considering health insurance), but they feel it’s enough.
https://www.cnbc.com/2018/03/28/steve-adcock-this-surprised-me-most-about-early-retirement.html
I made a $10 purchase of bitcoin as a test. The $10 got me 0.00119335 bitcoin at about $8,379. I checked the current price on Coinbase at as close to the same time as this transaction, at it was $8,343. While they say there is no transaction fee, it looks like they take a bit of a spread.
I probably won’t be doing much, if any, crypto stuff on Robinhood, but it’s nice that’s it’s available.
My store still lives on. Whew. A really bit the bullet.
I approve of this deal, but I’m still going to In-N-Out today.
Burgerwars