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Shoud I pay down my mortgage

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  • #16
    Nick, try to keep your eye on the big picture. You care about your money more than anyone else cares about your money so you need to learn more and more about money, stock market, bond market and savings. You have a low interest rate on your mortgage and also get a ghastly rate on savings since a 4 point spread is the low between lender and borrower. The more you understand what you are buying in a Mutual Fund the better decision you can make.

    There is a link between making a profit on investments and level of risk. The USA is the biggest market in the world and you can learn about the different companies if you want. The Singapore market for example is small with very stringent rules and you are more likely to increase value with smaller risk on stocks. Problem is there are relatively fewer stocks/bond and the value of the Singapore dollar to the American dollar some distant time in the future.

    China's economy has been growing at about 9% per year but truth is not a factor in China and corruption runs mostly uncontrolled, exactly opposite to the system in Singapore. It's understandable since they have 5000 years of needing to tell what others want to hear in order to survive. A contract in China is not worth the paper it's written on which drives Western companies mad with frustration.

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