Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Stonehenge who wrote (13502)	11/22/1997 5:20:00 PM
From: DennisToo	Read Replies (1) \| Respond to of 27012

Hi Stonehenge, I wouldn't......mortgage interest is about the only thing left to right off on your income taxes. 8.125% is pretty cheap money I know when you calculate it out over the years its ughly. You end up buying your house 2 and 1/2 times. If you have other deductions then go for it but the monthly payment is so low I wouldn't advise it. imo. Hope all is well. Trying to buy CPQ under 60 .....will see. How's your portfolio doing? Take Care, D2

To: Stonehenge who wrote (13502)	11/22/1997 6:03:00 PM
From: margaret tasset	Read Replies (1) \| Respond to of 27012

Hello Stonehendge, Re:About money for paying off the mortgage. That is a hard decision as I went through that same exact thing a year and a half ago and finally made the decision to pay it off and it was 8.75%. An investment counselor advised me not to do that. I did not sell any stocks to do it, but did it with money that I could have invested. I love having it paid off as that is a great feeling of being out of debt, but in hindsight if I would have invested the same money in Intel, I would have done better. You might check out how it effects you tax wise also. For me it was a wash, so that did not enter the scenario. In summary, the right or wrong of that decision really depends on what the market does just as any investment decision. But at least you know that you have a sure 8.125 % interest rate on your money (not considering any tax advantages or disadvantages). You also have a great feeling of knowing that you are out of debt as far as your home is concerned. With me another consideration was that if ever I was not able to pay my mortgage payment for awhile because of unexpected circumstances, it could not be taken away. This helps to protect the equity which was already in the home. (kind of insurance) If you already have quite a bit invested in your home, that might also be a consideration for you. Good luck. I hope this gives you some help. Go INTEL Margaret Long on INTEL :) :) :)

To: Stonehenge who wrote (13502)	11/22/1997 9:26:00 PM
From: billwot	Read Replies (2) \| Respond to of 27012

Stonehenge-Re mortgage payoff Paying of your mortgage is the same as making a $67,500 investment at a fixed return of 8.125 (taxable). Does that sound like a good idea? What is holding back our CPQ? Any thoughts on this one? billwot

To: Stonehenge who wrote (13502)	11/23/1997 6:57:00 PM
From: billwot	Read Replies (1) \| Respond to of 27012

Stonehenge-I carefully avoided any references to the "weekend wars", but you had to bring it up. And I was being nice to you even though you are a Wolverine<gg> Re you mortgage-8.125% for a conventional mortgage sounds a little steep. Assuming that you have a 30 year mortgage, you could refinance for 15 years at 7% (or less) and have very little if any increase in you monthly payment. I did this several years ago and you will be amazed how little it costs to cut the length of you mortgage in half. I'm sure you must have a mortgage calculator on your computer (check MSMoney or Quicken.) If not, do a search as they are widely available on the 'net. Run the numbers and see what you think. billwot