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Investing Strategy, Using equity RRS feed

  • Question

  • After many years of pretty good personal money management on the budget side of the issue, I find myself wondering how to take another step forward in investing for retirement. I am behind in that I am now 48 and don't have much in a Roth, second home - property, etc. Where I do have some leverage is in the equity of my personal home. How can I determine whether or not using some of that equity to invest now will put me further ahead in say 10 years than simply continuing to pay down my mortgage at an aggressive pace. What factors do I need to know? How do I calculate the projected outcomes of those two strategies?
    Tuesday, April 17, 2007 8:47 AM

All replies

  • Good question. It's one that I like very much, because it is one that I specialize in. Your situation is all too common. You may  visit

    wantedpronto to learn more on the subject and get active help.
    Wednesday, April 18, 2007 7:55 AM
  • hiiiii,

     

    I am just a student but i have few ideas and suggesations for u....you are 48 now...and i think u should start investing in some of the retirement plans...and u could also try for Mutual Funds... don't invest in long term plans...opt for some small term plans...the best thing could be consulting with some investment marketting personnel...he could suggest u with the new oppurchunities which you may be unaware off.

    Wednesday, April 25, 2007 6:03 PM