If there is any match, the qualified account up to the max match limit
Once any match is maxed, mortgage
My risk tolerance is nearly infinitely higher than yours, then.
My risk tolerance is nearly infinitely lower. Maxing out tax advantaged accounts is a bird in hand. You get the advantage today, and it is roughly equal to your top marginal bracket (quibbles wit that characterization noted, and accepted into evidence). Paying off the mortgage is roughly equal to your mortgage rate minus the rate of inflation, which might very well be add up to zero.
Giving up a bird in the hand for very possibly zero reward sounds literally insane to me. That is crazy, crazy, crazy, risk taking. I am far too risk adverse to do something like that.
Boarder asked me if I would rather max out a tax advantaged account (equities) or apply to the mortgage
Those were the only two options I was given. I could have clarified, but that would be boring
I would take free money from the match.
After that I wouldn't invest in the equity market right now. I said that to him 2 pages ago.
I have said that 15 times on this thread
I invest in what I understand and control.
I would invest in fixed income, or in other things, but not equities.
Especially now at record all time highs.
I would invest in real estate, collector automobiles, my other businesses, or a myriad of other things.
My risk tolerance is low. I wouldn't touch this market with any money of value.
You guys hold up the equity market like it is some king. Not really.
There are many other investments that offer far more return, much less risk, and are enjoyable.
I have investments that return double, triple or more of the equity market.
Equities don't appeal to me. They have little involvement in my opinion. I like involvement
I see the wow comments?, and the I need to open my mind comments. I smile!
My mind is the one here wide open. It's not just the equity market or nothing for me. It is actually just about every other market except that. Investment you can live in, drive, hold, look at or work on.
The equity market will never be a bird in the hand, because you have no control over it. I have investments that are a bird in the hand. I know exactly what they will pay me months or years from now. THAT is a bird in the hand.
My investments are my employees. Real employees. Buildings, Businesses, Brands. and lots of other things.
Some of you criticizing me and others work for someone else all day, sometimes in a job you hate, making them rich, then go home to your mortgaged home with little net worth, hop on the net, and then call people like me crazy.
That to me is silly.
That statement amuses me.
If the market wasn't routinely at all time highs, what exactly would be the point of investing?
The next few years will really amuse you
So you are not a buy low sell high person?.
Wait...I thought the goal was to buy low when everything is on sale, right?
I don't have a crystal ball, so no.
What you're describing is market timing - if that's your investment strategy, you are wise to stay out of the market.
Are you perhaps calling that "the top is in
I can guarantee you that my investment portfolio consists of more "real employees, buildings, businesses, brands. and lots of other things" than whatever you own. That's perfectly fine if it's your strategy but don't pretend that you're better diversified in real assets than a selection of index funds are.
I hope for your sake that your businesses don't crumble during the inevitable economic meltdown that you're predicting.