Originally Posted by jumppilot

I don’t have an emergency fund, in the traditional sense.

What I do have is a large portfolio that covers 52 months of expenses, invested in a mix of assets, including dividend funds, in my taxable account.

Even if the market collapses 50%, I’ll have 26 months of spending, and I won’t have to take it out all at once.

That’s why instead of putting $10,000 a month towards your mortgage, I’d put that money in a diversified taxable account. If you want to pay it off, I’d wait until you can make one gigantic payment and be done with it.

I’m not saying don’t pay your mortgage off. I really do understand the appeal. But, me personally, I’d feel much safer having a pile of cash on the side rather than a mortgage that’s being paid off ahead of schedule.