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No, and I just said ‘often’ for that reason. You can guarantee poor returns almost risk free (bank interest or mortgage overpayments), or be fairly confident of better returns over a longer timeframe with ETFs. Or gamble on riches with crypto.
I think the accepted wisdom is the middle option, once you’ve got all your debts paid off and you’re in a stable position.
duncs-
once you’ve got all your debts paid off
in like space year 2046
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guarantee [...] fairly confident
I mean, that's how risk works. Paying off a mortgage is pretty much risk-free. Comparable to other risk-free investments, it's a no-brainer.
Compared to other riskier investments, the yield is likely lower. But other the ~25 year term of the mortgage, less likely to leave you selling a kidney to buy food for your cats.
Or gamble on riches with crypto.
u mean guaranteed gainz, shurely.
Howard
NotThamesWater
On a risk-free basis?