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/biz/ - Business & Finance

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55001810 No.55001810 [Reply] [Original]

>owe $150k on house at 2.8%
>have $150k in the bank+some
Should I pay it off and be debt free, or invest it in Treasury Bills for 5.5% and net something like $6k/yr after deducting the mortgage interest?

>> No.55001822

>>55001810
throw it in SPAXX at fidelity.

>> No.55001853
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55001853

>>55001822
not giving you a penny rakesh.

>> No.55001873

>>55001810
>or invest it in Treasury Bills for 5.5%
What retarded boomer shit is this.
You hold a bag of hex and earn 20+% a year. After price pumps you pay off your place entirely

Now how do I find a woman like pictured who isn't a whore ?

>> No.55001892

>>55001810
Just pay it all off and be done with it. One less thing to worry about. You’re always going to stress over if you’re making the best move possible in any given situation so just say fuck it, pay off your debt, and have peace of mind about it.

>> No.55001987

imo at least throw down 50k at it. Up to 100k if you want. I say though unless you have a very good line of credit/ zero CC debt, keep 5-50k cash in case of an emergency.

Imo don't go so hard onto the t-bills. Maybe 10-20 k but keep a lot liquid as the crash could come anytime. Throwing a solid 25k as it drops 30% will feel real nice.

>> No.55001993

>>55001892
That's what I'm leaning towards, and has been the plan for months. I'm looking at the amount in my bank account and the wheels are turning though.

>> No.55002021

>>55001810
Honestly. I would.

Simply cos the whole stock market looks like its going to tank soon and banks will take all your money. So best to get it into property or something

>> No.55002027

>>55001810
Pay it off. God will reward you.

>> No.55002111

>>55001810
There is a hypothetical situation some economists have discussed where liquidity in the markets dry up and it becomes difficult to pay down debt. But that's the worst outcome and would require the US Gov to default on some or all of their debt. They will most likely just inflate the debt away. Owning your house outright is probably still the safest option. I know people that paid off their house and it saved their ass later when someone had a medical problem and lost their job.

>> No.55002173

>>55001810
Keep re rolling the short term bills, which are higher yield, and pay off house when they lower rates is what I’m doing

>> No.55002620

>>55001810
That's a man (also AI generated).

>> No.55003183

>>55001810
What are the property taxes like?

>> No.55003310

>>55001892
Not if he doesn't "stress" about it. Always someone who can't do the math and using cognitive dissonance to justify doing something technically wrong to appease your own emotions

>> No.55003357

>>55001810
Ignore all the smelly fucking pajeets telling you to invest it in crypto. Pay off your house. And skip the treasury bills.

>> No.55003413
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55003413

YOLO it all in $INVERSE you fucking cuck

>> No.55003476
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55003476

>>55001810
Think the banks are something like this tranny right here. You could kill it like im about to do but that would be a waste of bullets and you know someone is going to kill it eventually (if it doesn't die of natural causes before) or you could spend the bullets on other targets (in this case do a credmaxxing strategy and invest it in high-risk high reward things like memecoins, think PEEPO did a x14 last week) and let it die down as the time passes.

Tl;Dr don't pay it off

>> No.55003478

>>55003183
Non factor. Just goes from being put to an escrow account to paying directly.

>>55001810
Having liquidity in an emergency is more valuable, unless you plan to go bankrupt (in which case paying off your house will better shield your assets) earn a risk free 2.7%

>> No.55003508
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55003508

>>55001810
ur ai prompts suck bro get good ur shit looks fake as fuck

>> No.55003519

>>55001810
The banks would love to get that nasty 2.8% off their books by getting you to pay out immediately for "peace of mind"
Dump all your liquidity into t bills and laugh all the way to the bank with your free 3% gains over what the banks are getting off you

>> No.55003523
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55003523

>>55003508

>> No.55003626

>>55001810
I'd say it's worth doing for at least a year or so tbqh.
Pocket a few extra thousand dollars and then pay it off fully.

>> No.55003846

>>55001873
Degenerate gamblers will lose

>> No.55004066

>>55003519
This us one of the strangest things about this situation. Besides just seeming like there must be some catch, these policies are really screwing the banks.
I'm in a similar situation and totally torn. Though I am leaning slightly to the greedy side thinking one would be a fool turn down free cash from the gooberment. Maybe it will be like the stimmies, and what not, where we just end up paying for it whether we cash those checks or not.

>> No.55004082
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55004082

>post precisely same thread
>get almost no responses
>literally the only difference was booba
eat shit and die OP

>> No.55004093

>>55001810
I owe $410k on my 2.75% mortgage that I could pay off if I sold some of my crypto. FUCK THAT. The "security" of owning your house outright is a small-brain cope.

>> No.55004141
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55004141

>>55003508
What program?

>> No.55004191

>>55003508
>>55003523
his looks so much better than either of yours. in both realism and aesthetics
you have awful taste

>> No.55004492

>>55004191
his shit looks fake af, i dont care about aesthetics bro im trying to make it look real, his hair is glossy and so is the skin and dress looks fake af

>> No.55004613

>>55001810
>Should I pay it off and be debt free
Don't pay it all off if doing so would leave you without an emergency fund.

>> No.55004843

>>55001810
That is someone’s son

>> No.55004920

i'd split the difference and reduce your debt burden by an appreciable amount, like say $75k or however much you're comfortable with, and save/invest the rest. Put enough to allow you to pay all of your expenses for 1-2y straight in tbills with 3-6mo maturity, and keep 3-6mo of all of your bills in an FDIC-insured savings account to last you until your treasuries mature in worst case scenario. Pay off the house ASAP and then live stress free knowing that you could be made redundant by AI, take a shit job with a massive pay cut, and still not lose the house

>> No.55005032

>>55001810
You will never get rich on 5% a year. I know it’s depressing but you have to realize that you need to put all your eggs in one basket and to watch that basket. You sound weak willed though, so good luck.
>t.1.3MM at 29