not paying off mortgage, but invest in what?
I few months ago, I asked whether or not I should be paying my mortgage down or not (I'm paying 6.1% on a 15 yr mortgage).
It seems that the only reason for paying off a mortgage would be emotional (feeling of satisfaction), and I was generally advised to simply save/invest the money.
I was told that I could easily invest the money such that it would acrue interest at rate equal or greater than my mortgage interest. If this is true, then clearly it is better to just save the money and *not* tie it up in a mortgage.
OK...so I'm investing.
Currently, I'm going with mutual funds (Vanguard).
So here the questions:
1. Should balanced funds be expected to offer returns that will meet/beat 6%?
2. Is the stock/bond climate looking OK? (there are lots' of doom/gloom forecasters... but do they ever get it right?)
3. I used to be a Motley Fool fan, but I just re-signed up for their forum and MAN!, it seems much more commercial these days with all sorts of ads and come-ons to subscribe to newsletters with "once in a lifetime" investment advice. What's up with that? Somehow, it all seems less legit.