11-16-2014, 07:46 PM
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#61
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NOT breaking news
Join Date: Jan 2007
Location: Calgary
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What the point of winning 66k when you just won 150k?
Id buy a private box at the dome and treat my friends
__________________
Watching the Oilers defend is like watching fire engines frantically rushing to the wrong fire
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11-16-2014, 08:00 PM
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#62
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Celebrated Square Root Day
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Aren't private boxes like $250k per year and sold out?
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11-16-2014, 08:14 PM
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#63
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Lifetime Suspension
Join Date: Sep 2011
Location: Calgary
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Quote:
Originally Posted by Arya Stark
No, not at all. Nobody but one poster who brought the "risk-free' out of thin air is saying that no risk is what is required.
The OP didn't ask for risk-free advice. And besides paying off part of your mortgage is not risk free.
In my situation I would not pay it off. If my dad won I'm sure his mortgage would be the first place he'd put it since he has a lot of investments and a nice retirement fund from work. Everyone is in a different situation.
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Hardly out of thin air. Putting the money onto the mortgage is a 3% return risk-free. You could probably average more in equities over a 30 year period, but it isn't risk-free.
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11-16-2014, 08:18 PM
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#64
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Franchise Player
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I have a sweet pension, and other investments, but I don't have any cash flow. I'd totally put it all on my mortgage to alleviate the cash flow problem. I would also donate a chunk of it. Funny how that comes up so seldom here.
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11-16-2014, 08:20 PM
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#65
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Powerplay Quarterback
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1. I would take a chunk out of my mortgage up to the limit for this year.
2. Plan a med-budget trip to vegas.
3. Buy my parents a new couch
4. Buy 1st bed for nephew
5. Get Flames seasons tickets
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11-16-2014, 08:28 PM
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#66
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#1 Goaltender
Join Date: Aug 2005
Location: Calgary
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Max out RRSP, RESPs first, bunch on MTG, play with tax refund from RRSP (trip, house reno)
__________________
GO FLAMES GO
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11-16-2014, 08:39 PM
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#67
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Powerplay Quarterback
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Quote:
Originally Posted by V
I have a sweet pension, and other investments, but I don't have any cash flow. I'd totally put it all on my mortgage to alleviate the cash flow problem. I would also donate a chunk of it. Funny how that comes up so seldom here.
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Retired or semi?
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11-16-2014, 08:42 PM
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#68
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Powerplay Quarterback
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Quote:
Originally Posted by Canehdianman
Hardly out of thin air. Putting the money onto the mortgage is a 3% return risk-free. You could probably average more in equities over a 30 year period, but it isn't risk-free.
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It was completely out of thin air - at no point did anyone suggest anything was risk free.
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11-16-2014, 08:53 PM
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#69
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Self-Suspension
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Go to Thailand and relax. I've been working for years and haven't much of a break if any so some sun and sand would be heaven.
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The Following User Says Thank You to AcGold For This Useful Post:
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11-16-2014, 10:10 PM
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#70
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Powerplay Quarterback
Join Date: Nov 2003
Location: Slightly right of left of center
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with the debate of paying off the mortgage or investing. The smart thing to do is pay off the mortgage and then borrow that same amount you paid off to invest to make the investment tax deductible.
__________________
It is the mark of an educated mind to be able to entertain a thought without accepting it.
- Aristotle
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11-16-2014, 10:38 PM
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#71
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NOT breaking news
Join Date: Jan 2007
Location: Calgary
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Quote:
Originally Posted by flameswin
Aren't private boxes like $250k per year and sold out?
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Are they? can't even get one for one game?
__________________
Watching the Oilers defend is like watching fire engines frantically rushing to the wrong fire
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11-16-2014, 10:43 PM
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#72
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Franchise Player
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Quote:
Originally Posted by GirlySports
Are they? can't even get one for one game?
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No, there isn't a single one available to rent in all of Tusc... I mean Calgary.
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The Following 3 Users Say Thank You to trackercowe For This Useful Post:
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11-16-2014, 11:00 PM
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#73
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Powerplay Quarterback
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Being the good son that I am... :P I'd give some to my parent's so they can retire a couple years earlier. I'd keep about 75k for myself and whatever is left over I may or may not give it to my sister... haha.
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CPHL Dallas Stars
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The Following User Says Thank You to t0rrent98 For This Useful Post:
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11-17-2014, 12:08 AM
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#74
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Franchise Player
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double post.
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11-17-2014, 12:09 AM
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#75
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Franchise Player
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Quote:
Originally Posted by Slava
I am a financial advisor, CFP and working on my CFA. I would tell you that it does depend on your exact situation, but if the point is long term wealth creation, I wouldn't put it on the mortgage. I would invest it for sure, and almost surely over the long term not lose any sleep to beat that 3% mortgage savings as an alternative.
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My financial advisor told me to pay off mortgage and continue putting money into investments weekly, with the money that would have went on the mortgage. But like you said, every situation is different (my rate was 4% fwiw).
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11-17-2014, 12:10 AM
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#76
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Franchise Player
Join Date: Oct 2014
Location: Springbank
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No mortgage or other debts, and pretty decent income. Kids are set up. So this is either fun money for a huge trip or a high risk/reward investment.
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11-17-2014, 09:16 AM
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#77
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Franchise Player
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Quote:
Originally Posted by ranchlandsselling
Retired or semi?
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20 years away.
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11-17-2014, 09:17 AM
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#78
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Franchise Player
Join Date: Mar 2012
Location: Sylvan Lake
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Timely, thread.
A hockey dad in Sylvan (sadly I don't know him) won $1.3 million a week ago while hitting the casino between his boy's games.
__________________
Captain James P. DeCOSTE, CD, 18 Sep 1993
Corporal Jean-Marc H. BECHARD, 6 Aug 1993
Quote:
Originally Posted by Sliver
Just ignore me...I'm in a mood today.
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11-17-2014, 10:18 AM
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#79
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Franchise Player
Join Date: Sep 2002
Location: I'm right behind you
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Oil Futures. Buy now and plan on sitting on them for a while. When the price of oil goes down it will go back up. Until we find a cheaper widely available and utilized source (or means of generation) of energy it is a low risk investment.
__________________
Don't fear me. Trust me.
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11-17-2014, 01:19 PM
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#80
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Franchise Player
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It's impossible to give good advice on the OP's question with so little information. What are YOUR incomes (not family income)? Risk tolerance? Time horizon? What do you have in investments now and what kind of plans are they? What about an employer pension plan? Are you insured for death, disability or illness? What is your experience with investing? What did you do in the market crash of 2008-09?
There are many other questions and a good advisor would turn the OP's questions into at least an hour-long discussion.
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