Who REALLY owns their Z???

wstar · 05-17-2013, 06:42 PM

It's true. I'm a big anti-debt person. I would just rather pay for stuff and have nothing hanging over my head. However, given how low interest rates are, and how decent the market returns are, it makes sense to borrow investment money right now. In other words, if you bought a mortgage in the past few years it might be in the 3-4% range. Let's say you come into an extra $40K. My anti-debt brain says "throw into the house loan and get that thing finished quicker," but the smart move right now is to put that 40K into the market (even something conservative like an S&P Index Fund) and make more off of it than your mortgage is charging you.

Tazicon · 05-17-2013, 06:54 PM

Quote:

Originally Posted by wstar

It's true. I'm a big anti-debt person. I would just rather pay for stuff and have nothing hanging over my head. However, given how low interest rates are, and how decent the market returns are, it makes sense to borrow investment money right now. In other words, if you bought a mortgage in the past few years it might be in the 3-4% range. Let's say you come into an extra $40K. My anti-debt brain says "throw into the house loan and get that thing finished quicker," but the smart move right now is to put that 40K into the market (even something conservative like an S&P Index Fund) and make more off of it than your mortgage is charging you.

A man that thinks smart!

rebe945 · 05-18-2013, 07:31 AM

Quote:

Originally Posted by wstar

It's true. I'm a big anti-debt person. I would just rather pay for stuff and have nothing hanging over my head. However, given how low interest rates are, and how decent the market returns are, it makes sense to borrow investment money right now. In other words, if you bought a mortgage in the past few years it might be in the 3-4% range. Let's say you come into an extra $40K. My anti-debt brain says "throw into the house loan and get that thing finished quicker," but the smart move right now is to put that 40K into the market (even something conservative like an S&P Index Fund) and make more off of it than your mortgage is charging you.

Sp500 index is not a conservative investment. Its seems that way with the market going up and up. Large cap equities such as the sp500 took a -38% loss in 2008. Dont get me wrong. I invest (and not trade). Have made so much in the market over my life. Its too bad most dont understand how to invest with all these trading commercials, annutiy crap, and all these salesmen of products today. Ive enjoyed the fruits as a long term investor. The Z was cash. So was the wheels, the mods, etc etc

2010ZilverZ · 05-18-2013, 08:44 AM

Quote:

Originally Posted by 370Zsteve

Paid. In cash.

Bought mine and paid in cash

370z46 · 05-18-2013, 09:39 PM

put down 20k in cash, loaned 14k, paid it off in 9 months

05-17-2013, 06:42 PM	#1 (permalink)
wstar A True Z Fanatic Join Date: Mar 2009 Location: Houston, TX Posts: 4,024 Drives: too slow Rep Power: 3596	It's true. I'm a big anti-debt person. I would just rather pay for stuff and have nothing hanging over my head. However, given how low interest rates are, and how decent the market returns are, it makes sense to borrow investment money right now. In other words, if you bought a mortgage in the past few years it might be in the 3-4% range. Let's say you come into an extra $40K. My anti-debt brain says "throw into the house loan and get that thing finished quicker," but the smart move right now is to put that 40K into the market (even something conservative like an S&P Index Fund) and make more off of it than your mortgage is charging you. birdmanx1, DEpointfive0 and MarkGideon like this. __________________ 7AT Track Car! Journal thread / Car setup details

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Who owns both a Porsche and a 370 z?	sheps58	Nissan 370Z General Discussions	27	10-12-2010 01:50 PM
350 owns my 370	Santent	Engine & Drivetrain	38	09-08-2009 10:59 PM
Who owns Porsches and a 370Z?	cab83_750	Nissan 370Z General Discussions	8	04-29-2009 10:21 AM

05-18-2013, 09:39 PM	#5 (permalink)
370z46 Base Member Join Date: Mar 2011 Location: new york Posts: 34 Drives: 2011 Base+Sports 6sp Rep Power: 16	put down 20k in cash, loaned 14k, paid it off in 9 months