After buying a house, many people feel a desire to try to repay their mortgage as quickly as possible. This may be because overpaying a mortgage each month will reduce the amount repaid in the long run, or because it means the person in question is mortgage-free sooner than they otherwise would be.
However, the reality is that in the current economic climate it may be prudent not to overpay a mortgage. Rather, using any excess cash each month to invest in shares for the long term may be the fastest means of retiring early.
by Evil Knievil| Evil Diaries|2 mins. to read Corporate collapses: when Arthur Andersen went down 15 years ago over Enron the problem was that the liabilities of one branch of that firm spread right across the world. This is different to the collapse of Bell-Pottinger where no liabilities (at least as matters stand) are due.
by Filipe R Costa| Economics|1 mins. to read In recent decades, governments and central banks have come under fierce criticism for the way they manage our most important commodity – money. Money is supposed to be a simple and neutral way of facilitating the financial interactions necessary in all our lives; but it has become somewhat of a burden.
Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such decision.
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