Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Cash sitting in the bank -- invest it or pay down the mortgage?

Slava · 02-25-2008, 10:02 PM

I sent you a PM. The "right" answer is contingent on your situation, but in all honesty you should probably pay down the mortgage, borrow it back and invest those funds.

This will give you the tax savings over the next five years as well as the compounding to grow the invested funds. Earning more than 5.1% over a period like this is not too risky, and easily manageable.

02-25-2008, 10:02 PM	#17
Slava Franchise Player Join Date: Dec 2006 Location: Calgary, Alberta Exp:	I sent you a PM. The "right" answer is contingent on your situation, but in all honesty you should probably pay down the mortgage, borrow it back and invest those funds. This will give you the tax savings over the next five years as well as the compounding to grow the invested funds. Earning more than 5.1% over a period like this is not too risky, and easily manageable.