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Updated about 4 years ago,
Buying stocks specifically to pay off mortgage.
Im currently thinking of buying stocks to pay off my mortgage. I’ve gotten at least 70% returns in my two portfolios I’m currently paying an extra 2500 a month in principal payments. My mortgage is 2450 a month. I owe 235k. I’ve been thinking about starting an investment account and investing the 2500 a month. Until I get enough to pay off my mortgage then I would make one big payment to pay off the mortgage.
When I do my calculations at the rate I’m paying it would take 5-7 years
If I invested the 2500 a month according to a compounding interest calculator I could have it paid off in 2-4 years with a minimum return of 40%
Thoughts?