I see great potential to earn income on top of EMI using this money (use 70:30 or 60:40 in equity/debt).
If home loan is paid off , there is nothing remaining.
Savings will have to build from scratch and may miss the ongoing bull run.
Benefit of home loan pay off: Paid off flat, no tension of loan, build savings slowly.
Benefit of investment: returns keep paying the EMI AND extra income every year (EMI requires 10 lakh annual returns but 1CR may generate 13-15 lakh annually. Also, loan interest benefit in tax savings. (60k annually)
What’s your opinion?
Be the first to comment.
I am a salaried and I have a personal loan emi of 23000 and the loan is pending for 2 more years.
I have an option to close this by paying the complete amount now which would be around 5.5 lakh.
Should I try and close loan first or all...
I have 12Lakhs in mutualfund and 8Lakhs in cash and 20Lakhs of Home loan, thinking to deposit the 8Lakhs in home loan, as sometimes I get worried that I have a loan to pay.
What's your opinion?
I was thinking to leverage my parents home and take out chunky 1 cr @8.6% with premise to make 15%+ in direct equity and mfs.
Asset belong to my parents with some contribution from me. I feel this is a relatively low cost capital way ...
Bhai, this is vinaash kaale viprit buddhi. Please avoid this thought.
The wealth should not be inherited.
I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.
Seeing the comment section,I realise I am broke.
This di*k measuring contest is really popular nowadays.
I'm 31 1 apartment for 2Cr on loan … loan will be over in 5 years 1.5cr in MF 10-15L cash I started 4 SIPs...
