appreciate the responses
dratkinson - so a 30% or 40% allocation of bonds in my taxable is worthwhile for any downturns in the market. naturally i would be foregoing 30-40% investment that can build more but at the cost of not being hurt by a downturn. i normally see around 10% for folks but is that at a different stage of someones life/risk averseness/or?
also on the mortgage, i dont mind paying it down and just refinancing down the road. if i consider my current income, i could theoretically get it significantly down, assuming things continue to go as expected, over the next 5 to 7 years. whether mortgage rates drop or increase, time will tell, but i will evaluate it at that point if refinancing makes sense. my overall question is about the "high" interest and if folks generally pay things like this down with that level of interest on it, albeit a vehicle, mortgage, or any other loan.
tashnewbie - yep, agreed. this is actually why i started changing my finances over the last few years and stopped hoarding my vested rsu. now i sell them on vest and leverage the liquidity for investments or living expenses. eventually that 60% will go down. i did leverage some of that for a couple down payments (once for the second rental a few years back and once for the current down payment) although not as liquid of course but at least they are working on something. so i am slowly dipping into that and leveraging it for other means. i completely understand your comment and agree with the sentiment though.
dratkinson - so a 30% or 40% allocation of bonds in my taxable is worthwhile for any downturns in the market. naturally i would be foregoing 30-40% investment that can build more but at the cost of not being hurt by a downturn. i normally see around 10% for folks but is that at a different stage of someones life/risk averseness/or?
also on the mortgage, i dont mind paying it down and just refinancing down the road. if i consider my current income, i could theoretically get it significantly down, assuming things continue to go as expected, over the next 5 to 7 years. whether mortgage rates drop or increase, time will tell, but i will evaluate it at that point if refinancing makes sense. my overall question is about the "high" interest and if folks generally pay things like this down with that level of interest on it, albeit a vehicle, mortgage, or any other loan.
tashnewbie - yep, agreed. this is actually why i started changing my finances over the last few years and stopped hoarding my vested rsu. now i sell them on vest and leverage the liquidity for investments or living expenses. eventually that 60% will go down. i did leverage some of that for a couple down payments (once for the second rental a few years back and once for the current down payment) although not as liquid of course but at least they are working on something. so i am slowly dipping into that and leveraging it for other means. i completely understand your comment and agree with the sentiment though.
Statistics: Posted by sla07 — Fri Feb 02, 2024 10:54 am — Replies 3 — Views 408