I'm going to stop before I get myself in trouble... but extreme fear is & always has been my loading zone. Love it. Opportunity.
I have several posts like the one below.. before Oct 2022 lows.
"Learn to love fear and watch your account grow much quicker"
Have a good night!
@MarketPalmer_ You do know that you can buy 10-year treasuries now yielding 4.25% right? Why would you invest in your mortgage at 3%? Pretty illogical.
@MarketPalmer_ The psychology of finances versus the math. Mathwould argue you invest it if you can get a higher rate versus the paydown. Particularly if you have employer matching you're not maxing out (assume you are).
@MarketPalmer_ @APRbitrage I get that it’s a liability but if you have the cash in a 5% brokerage money market account you’re losing out on 2 to 2 1/2%. At that point it’s not a liability because you could easily take that cash and pay off the debt immediately.
@APRbitrage Totally get where you're coming from with that stance.
But I'll never view a mortgage as an asset.
The $160 isn't much relative to other areas of our financial plan, so it's more of a hedge or way to cover all bases.
@MarketPalmer_ I was wondering what the driver was until I saw your "chipping away at liability" response below.
A 3% mortgage is an asset, not a liability, in this market.
By overpaying, you're effectively increasing your interest rate.
Just food for thought.
You can't make this up:
On July 27th, the Fed said they are no longer forecasting a recession.
Since then, the S&P 500 has lost $1.8 TRILLION in market cap.
Then, on August 4th, JP Morgan said they no longer expect a recession.
Since then, the S&P 500 has lost $1.3 TRILLION in market cap.
Both statements marked the exact high of day for the S&P 500 when released.
Is this a coincidence?
Video of brazen theft in Oakland today. Thieves followed victim, broke car passenger window, & took bag. Happened within seconds, no time for victim to react/respond. Little Saigon neighborhood, near International Blvd. @KPIXtv @bett_yu @oaklandpoliceca
Elon, you asked earlier today what I would change about the algorithm
I went through all 13,000 lines of code for you
Here is every change you need to make if you want this to be the best platform for creators on the internet:
BREAKING: Biden's plan to forgive student debt for over 800,000 borrowers upheld by judge.
More than 614,000 of them will have all of their remaining federal student loan debt canceled, per Axios.