What would you do with extra money?

[tvguy]

No it doesn't.

Okay. Just saying "no" doesn't mean it isn't so.

 

[tvguy]

View attachment 726281

Wow, 8.1% in 1798. What is that when adjusted for inflation?

 

[mattburmeister]

Wow, 8.1% in 1798. What is that when adjusted for inflation?

8.1%

 

[DLgal]

Okay. Just saying "no" doesn't mean it isn't so.

The charts posted prove it.

 

[DLgal]

Not sure what is so funny @tvguy

Anyway, if you have a recommendation for an interest paying account at 16%, I'm all ears.

 

[barkley]

Set up a trust and put all my assets into it to protect them.

and get an umbrella insurance policy to protect them further.

 

[Kingdome8]

LOL. 3.3% is high yield? My wife and I had our life savings in a CD in 1982..........16%.

But was your mortgage rate back then?

 

[tvguy]

But was your mortgage rate back then?

12.25%. We jumped when mortgage rates FELL to that from 16%

 

[gottalovepluto]

I would suggest you sit down with a financial consultant to look at all your goals, assets and obligations. He or she will have a much better idea on how you should use this money. There are fee for service consultants and those that work fir a brokerage firm. I prefer the fee based consultants since they don’t have a commission at stake based on your investment decisions

Concur. OP, it sounds like you have a slightly complicated financial investment situation right now so a good financial advisor might be able to make some suggestions of things that might not be on your radar. You need more personalized advice than you should ever trust internet strangers to provide.

 

[Eureka]

Interest bonds are paying well right now. I don’t remember what the new rate was starting in October/November but when we bought them in May it was 9.xx% (can’t remember the exact percentage)

 

[smwisc]

Interest bonds are paying well right now. I don’t remember what the new rate was starting in October/November but when we bought them in May it was 9.xx% (can’t remember the exact percentage)

6.89% now

 

[MrsPete]

Pay down the mortgage(s). Do not purchase a third house; that's a lot of maintenance, taxes, etc. to add to a budget; you can almost certainly "come out ahead" by renting when you want to go to Florida. Once your mortgages are gone (doesn't matter that they're smaller than those your friends carry), you'll be amazed at how much more income you have each month. Because our house was paid off, we had no problem paying for college without touching our savings -- that was a huge blessing.

 

[LuvOrlando]

View attachment 726281

Can I ask what the source is on this? It's fantastic

 

[mattburmeister]

Can I ask what the source is on this? It's fantastic

https://advisor.visualcapitalist.com/us-interest-rates/