This is my first post, so please be easy on me :smile:
I'm 40 yrs old novice investor, looking to build a simple portfolio of 2-3 etfs, my financials are as follows:
- I have $300K in personal savings
- I have $150K deferred income in my corporation (50/50 USD and CAD)
- I own $130K of my...
This is my first post, please go easy :). Would like some unbiased advice please. My wife and I have about $73k outstanding on our mortgage. Our current rate is 2.34% and the mortgage comes up for renewal on Oct 1 2016. We had been aggressively paying down the mortgage when it...
Hi, just looking to get some discussion / advice about whether to pay off mortgage.
I currently owe a little bit more than 200k on the house and the 5 year mortgage comes to an end middle of next year. I am hoping to pay it off completely then but with the low rate I am second guessing myself...
Have to thank you for all your help on our previosu post : http://canadianmoneyforum.com/showthread.php7801-please-help-prioritize-our-priorities
A quick update/summary:
Daily Banking Account: 5k
House 246k (purchase price 2008)
TFSA - 20k in couch potato...
I am at the point where I could prepay our mortgage to an amount that would make us mortgage free within 2 years (conservatively).
I am looking at our current interest rate (variable @ 2.3%).
Wouldn't it be a better idea to invest in a TFSA with some dividend paying stocks and take the...