Quote:
Originally Posted by maat55
Here's a question to ask yourself.
Would I borrow money against my house to invest in my money market fund? Not paying off the house, with that money, is like doing that. It's like Dave Ramsey say's: The grass feels different when you walk in the yard of a payed for house. No matter what you do, your doing great so far.
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maat55 is correct. If invested in a money market fund, you will certainly lose money based on the interest you are paying on the mortgage and the interest being earned in the MM account. However, if you were to invest that 147k in mutual funds, it would be a different story. May I ask why you have that much cash in a MMA?