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I've been sitting on a decent chunk of money for a lot of the year waiting for the right time to invest (I have a Roth IRA, Regular IRA, Simple IRA through work (weekly contributions made, but this is all in cash right now), regular investment account, annuity, money market account, and savings account). The chunk of money I would be investing would be going into my general investment account.
Do you think it would be advantagous to make an extra house payment (pay the principle down) and invest a bit less or should I just invest the full amount when the time is right?
Do you think it would be advantagous to make an extra house payment (pay the principle down) and invest a bit less or should I just invest the full amount when the time is right?
FYI, we have about $75K-$100K equity in our home so it's not like we're in any danger. I'd still like to pay the house down when possible because I have ZERO confidence in the market right now (and an extra payment over 15 years will have a huge affect on how quickly we pay it off). We bought at the worst possible time and I feel fortunate that things aren't worse then they are. I still like the thought of paying off as much of the house as I can as soon as I can (without ignoring investment opportunities).
Overall, the majority of my assets are in cash or money market type accounts (including all of my business earnings for the last 10 years). My IRA's, Annuity, and general investment account are obviously not in cash.
In addition to this chunk of money I'm looking to invest, I'll be looking to invest another chunk at the end of the year. I'm just getting cold feet.
So what do you say? Make another payment on the house (paying down the principle) or shove as much in the market as I can as soon as I can (once things get a little more stable)?
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