Re: Pay down mortgage or invest?
This is really good advice...excellent poker analogy. Obviously, it may be better trade EV for reduced variance (pay down your mortgage) and to avoid bankroll disaster (missing payments and losing your home and ruining your credit).
Just as an addition...you may think about getting a loan with payment options (the option to make a minimum payement and defer interest). Your ability or willingness to get this type of loan would depend on a number of factors including your current loan product, loan to value, credit, etc...
good luck
-sossman
|