Quote:
Originally Posted by jc3900
I personally think it is a bad idea to have the mindset of go for the 30 and invest the rest. Yes, in a hypothetical situation if you do go for the 30 your investments will be higher. However, the thing that you have to remember is that debt is a SURE thing and investment returns are not. That is why I would say get out of the thing that chains you down first and then go invest. Even with that said, you can do what ever floats your boat.
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jc3900 - I'm the one who was alluding to this strategy, so perhaps your post was addressed to me. I'd say that you are entirely correct EXCEPT it would depend on what one invested in at what risk? Yes? For a young person seeking lots of growth they might get a little too fast and loose w/the asset allocation. We on the other hand are getting to be old farts and would likely invest ours in mostly the more stable of investment options - hopefully enough to at least pass inflation. There are some investment returns that are 'sure things'. There are products out there that guarantee a certain amount of return. Sadly, they just aren't all that sexy or profitable!
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"Economy is a poor man's revenue; extravagance, a rich man's ruin." ~~??, frontspiece, The American Frugal Housewife, by Lydia Maria Child, Harper & Row, 1836 edition (dedicated to those who are not ashamed of economy).
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