Hold stock or payoff mortgage?
Say you have enough msft shares to pay off your mortgage. Do you? or do you hold onto msft and keep rolling the dice?
Depends what your rate is and how much is the mortgage
You need to have some liquidity, doesn’t make sense to have all your money tied up in your house. Do something else with it. Buy a townhouse to rent out, diversity your investments, etc.
pay 75% mortgage and buy some cheap leaps just Incase if it keeps going up
Why all or nothing? Pay half, if it goes down your house is mostly paid, you’ll be fine. If it goes up you can clear the mortgage and then some.
I have twice the amount in msft stock as my mortgage balance. Say I pay off the mortgage. What do I do with the extra cash? Buy stock with it?
What is your loan rate?
4%
Not high enough. Buy stock market fund like VTSAX and ride it for 10 years. Or buy rental property.
For decades stock market returned on avg 7% (only true if you can hold for 6-10 years) so if you diversify from MSFT to reduce risk and invest in broad based stock index funds like spy vanguard, you are expected to have 3% more in overall returns.
Depend when you bought it and will you live there for 10+ years. I’d just dump 70% of stock and invest in Tesla 😛
Depends if having a mortgage stresses you out. For some people not worry about certain debt/bills is more important than potential gains. Since market went pretty much nowhere in the last year, personally I would sell 90%, payoff mortgage and invest the rest into stock market. Diversify!!!
i am in similar situation. was planning to cashout msft since it’s way too high imo