investing not repaying: my mortgage experiment...

racing_blue

Keeping a light digital footprint...

This post is quite old, and as it contained personal info, I have deleted it for security.

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racing_blue

Keeping a light digital footprint...

This post is quite old, and as it contained personal info, I have deleted it for security.

PM me if you would like to know what it said or discuss any aspect.

Danni-R

Interesting approach.

I'm watching to see what happens.

edinburgher

Excuse the question, it probably seems obvious to you. Is this a real world scenario, or a thought experiment?

racing_blue

Keeping a light digital footprint...

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SillySod

You seem to have three scenarios (effective balance, simple repayment and vanguard 60:40 strategy), but only describe 2 (Interest only mortgage + investments -what you are actually doing- and "Knuckle down and pay off mortgage").

So I am a bit confused.

In any case, one thought of mine is that the government can help themselves to your assets (think Cyprus) but the absence of debt is a different matter. After all, someone with 370K of investments is clearly rich, they can afford to take a haircut (no-one will be looking at net wealth).

bownyboy

Hi Racing Blue,

I have subscribed and will be following this thread with interest. I too have started investing in S&S ISA with an aim to become mortgage neutral sooner rather than just overpaying the mortgage.

For two years I overpayed £500 a month and £6k in January. But after reading online about other peoples experiences and realising I had no real savings or investments, I decided to change my approach.

I also invest in Vangard Lifestrategy 60/40 and am a way behind you (£5.5k in Cash ISA @ 2%, 2k Cash instant access and £1.5k in S&S ISA).

I try not to log into my HL account too often as it seems I've lost money everyday since October 2013!

Plan is to max out S&S ISA going forward.

edinburgher

Interested to see - is your whole portfolio held in index tracking ETFs nowadays?

racing_blue

Keeping a light digital footprint...

This post is quite old, and as it contained personal info, I have deleted it for security.

PM me if you would like to know what it said or discuss any aspect.

bownyboy

Looking forward to see how this thread develops.

Out of interest why did you decide to pick your own stocks instead of simply going with the 60/40 Vanguard?

From everything I've read online (admittedly I'm a novice here) all perceived wisdom is that the market always wins over self select or managed funds in the long term ie: you're much better off investing in a tracker fund for the majority of scenarios.

For me, I'm a passive investor all the way - wouldn't know where / how to start picking the 'right' stocks, and then be in constant fear that I'd picked the 'wrong' ones.

CLAPTON

makes no sense

come back in five years : the minimum sensible timescale