Originally Posted by
immolated
Wrong. Stashing $500k in a mutual fund and making $50k passively for the rest of my life feels better.
Throwing that money away into paying off a low or no % down property (FHA or VA loan especially) is a waste. You're literally losing almost $50k/yr by doing that, that's a bad feeling.
Agreed on the house calculus. I'm at 2.25 on a principal balance that's basically section 8 housing costs practically. I'm never selling this safety bunker. But spare me the hyperbole. Give me the name of that mutual fund I can park my 40 stacks of high society, and get a 40K pension every year and no principal volatility. If that exists, then I won't have to get that FMS-babysitter job after the .mil, and that right there sounds great to me. I'll even tip ya a finder's fee.
