I'm trying to figure out what kind of argument I can start where I pretend to not be an expert and then when someone chimes in I can get all experty on their ass.
source). In other words, stuffing your cash in a mattress has offered a better rate of return over the past 10 years than the stock market.
Now you could argue, I suppose, that the 10 year window is abritrary, that it includes two extraordinary events (9/11 and the Great Recession) and that we have no where to go but up. and that an actively managed fund might well have helped you avoid losses in those extreme down markets. And you might be right. I'm just sharing data, not speculating.
edit: also don't you mean 20% equity?
I only make about $100 more than I pay in bills each month, but I only drink about $100 worth of alcohol each month, so it works out. It's FINE.
One more reason is that your mortgage is one of the only tools you will ever have to guard against inflation. You are losing about 3% per year on every dollar you pre-pay on your mortgage.
Also, there is a difference between investing one amount 10 years ago and investing the same amount every month spread out over the same period (dollar cost averaging).
In my current account, I am about forty quid overdrawn, and I've got about fifty quid in my pocket that I owe somebody. But I've just discovered that I actually have a significant chunk of change in an account I'd more or less forgotten about.
Holy shit, I think I might get a car.
It's Ireland, their cars are made of corrugated despair.
about to close escrow on 2 houses in Newport Beach...hello commissions!
Crazy/scary amount of money to get all at once.
Not quite enough to buy a car, but I found $400 a couple weeks ago. I had forgotten about it.
My godmother set up an account for me when I was born, I never kept an eye on it in case I spent it, but it turns out it's double what I thought it was.
Also, it won't be a good car.
Well that's a hell of a nice find, Gemma! Don't you think it would be more practical to use that money to come to Coachella next year though?