Forum Replies Created
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AuthorPosts
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Raybyrnes
ParticipantSD Realtor
I am still trying to figure out why one tries to say there is less risk in your method as opposed to mine. I am actually arguing to reduce risk.
For instance if I were to take your sitauation, I would say that if you wnated to take on less risk use the mimimum amount of money for a down payment so that you have a maximum amount of cash available .
Then if you want to reduce the amount of debt that you have take the difference between what you would have put down and the minimum required and divde that into additionally voluntary payments that you make over the next 60 months.
Now in the interem of making those 60 months of additonal payment, if something unforeseen comes up you have cash on hand. therefore you are not guessing as to what the potential interest rate environment will be. Seems like I am an advocate of less risk. That doesn’t always mean less debt.
Raybyrnes
ParticipantSD Realtor
I am still trying to figure out why one tries to say there is less risk in your method as opposed to mine. I am actually arguing to reduce risk.
For instance if I were to take your sitauation, I would say that if you wnated to take on less risk use the mimimum amount of money for a down payment so that you have a maximum amount of cash available .
Then if you want to reduce the amount of debt that you have take the difference between what you would have put down and the minimum required and divde that into additionally voluntary payments that you make over the next 60 months.
Now in the interem of making those 60 months of additonal payment, if something unforeseen comes up you have cash on hand. therefore you are not guessing as to what the potential interest rate environment will be. Seems like I am an advocate of less risk. That doesn’t always mean less debt.
Raybyrnes
ParticipantSD Realtor
I am still trying to figure out why one tries to say there is less risk in your method as opposed to mine. I am actually arguing to reduce risk.
For instance if I were to take your sitauation, I would say that if you wnated to take on less risk use the mimimum amount of money for a down payment so that you have a maximum amount of cash available .
Then if you want to reduce the amount of debt that you have take the difference between what you would have put down and the minimum required and divde that into additionally voluntary payments that you make over the next 60 months.
Now in the interem of making those 60 months of additonal payment, if something unforeseen comes up you have cash on hand. therefore you are not guessing as to what the potential interest rate environment will be. Seems like I am an advocate of less risk. That doesn’t always mean less debt.
Raybyrnes
ParticipantSD Realtor
I am still trying to figure out why one tries to say there is less risk in your method as opposed to mine. I am actually arguing to reduce risk.
For instance if I were to take your sitauation, I would say that if you wnated to take on less risk use the mimimum amount of money for a down payment so that you have a maximum amount of cash available .
Then if you want to reduce the amount of debt that you have take the difference between what you would have put down and the minimum required and divde that into additionally voluntary payments that you make over the next 60 months.
Now in the interem of making those 60 months of additonal payment, if something unforeseen comes up you have cash on hand. therefore you are not guessing as to what the potential interest rate environment will be. Seems like I am an advocate of less risk. That doesn’t always mean less debt.
Raybyrnes
ParticipantHertz will let do one way but I beleive ther is a 25$ drop off charge.
You can also contact Enterprise rent a Car. Often time they will offer to match or beat any deal that you find. You may want to let them klnow you ahve found a company that is willing to waive the charge and see if they will match or beat that.
Raybyrnes
ParticipantHertz will let do one way but I beleive ther is a 25$ drop off charge.
You can also contact Enterprise rent a Car. Often time they will offer to match or beat any deal that you find. You may want to let them klnow you ahve found a company that is willing to waive the charge and see if they will match or beat that.
Raybyrnes
ParticipantHertz will let do one way but I beleive ther is a 25$ drop off charge.
You can also contact Enterprise rent a Car. Often time they will offer to match or beat any deal that you find. You may want to let them klnow you ahve found a company that is willing to waive the charge and see if they will match or beat that.
Raybyrnes
ParticipantHertz will let do one way but I beleive ther is a 25$ drop off charge.
You can also contact Enterprise rent a Car. Often time they will offer to match or beat any deal that you find. You may want to let them klnow you ahve found a company that is willing to waive the charge and see if they will match or beat that.
Raybyrnes
ParticipantHertz will let do one way but I beleive ther is a 25$ drop off charge.
You can also contact Enterprise rent a Car. Often time they will offer to match or beat any deal that you find. You may want to let them klnow you ahve found a company that is willing to waive the charge and see if they will match or beat that.
Raybyrnes
Participantraptorduck
Hopefully you did not take my psot to poke fun at your strategy but by all accoutns i would think most financial advisors would suggest it to be somewhat of a inopportunistic way of investing your capital.
I say this because while some may look at the interest rate adn deduction with respect to a loan I look at this relative to the loads on Great Mutual fund families. I will use the exmple of The American Funds. Most of their funds carry a front end load of 5.75%. But as you use your Rights of Accumulation (Breakpoint for dollar amounts invested) thes costs go down dramatically.
So when i look at a million dollar purchase (or more in your instance) and consider the difference between putting 20% down vs 35% that difference could be substantial with respect to potential break points that could be earned with a minimal amount of money management.
My question for you is whether or not you advisors are sort of in the same camp as me with respect to utilizing your cash or are they the ones suggestig to put the money down on the home?
Raybyrnes
Participantraptorduck
Hopefully you did not take my psot to poke fun at your strategy but by all accoutns i would think most financial advisors would suggest it to be somewhat of a inopportunistic way of investing your capital.
I say this because while some may look at the interest rate adn deduction with respect to a loan I look at this relative to the loads on Great Mutual fund families. I will use the exmple of The American Funds. Most of their funds carry a front end load of 5.75%. But as you use your Rights of Accumulation (Breakpoint for dollar amounts invested) thes costs go down dramatically.
So when i look at a million dollar purchase (or more in your instance) and consider the difference between putting 20% down vs 35% that difference could be substantial with respect to potential break points that could be earned with a minimal amount of money management.
My question for you is whether or not you advisors are sort of in the same camp as me with respect to utilizing your cash or are they the ones suggestig to put the money down on the home?
Raybyrnes
Participantraptorduck
Hopefully you did not take my psot to poke fun at your strategy but by all accoutns i would think most financial advisors would suggest it to be somewhat of a inopportunistic way of investing your capital.
I say this because while some may look at the interest rate adn deduction with respect to a loan I look at this relative to the loads on Great Mutual fund families. I will use the exmple of The American Funds. Most of their funds carry a front end load of 5.75%. But as you use your Rights of Accumulation (Breakpoint for dollar amounts invested) thes costs go down dramatically.
So when i look at a million dollar purchase (or more in your instance) and consider the difference between putting 20% down vs 35% that difference could be substantial with respect to potential break points that could be earned with a minimal amount of money management.
My question for you is whether or not you advisors are sort of in the same camp as me with respect to utilizing your cash or are they the ones suggestig to put the money down on the home?
Raybyrnes
Participantraptorduck
Hopefully you did not take my psot to poke fun at your strategy but by all accoutns i would think most financial advisors would suggest it to be somewhat of a inopportunistic way of investing your capital.
I say this because while some may look at the interest rate adn deduction with respect to a loan I look at this relative to the loads on Great Mutual fund families. I will use the exmple of The American Funds. Most of their funds carry a front end load of 5.75%. But as you use your Rights of Accumulation (Breakpoint for dollar amounts invested) thes costs go down dramatically.
So when i look at a million dollar purchase (or more in your instance) and consider the difference between putting 20% down vs 35% that difference could be substantial with respect to potential break points that could be earned with a minimal amount of money management.
My question for you is whether or not you advisors are sort of in the same camp as me with respect to utilizing your cash or are they the ones suggestig to put the money down on the home?
Raybyrnes
Participantraptorduck
Hopefully you did not take my psot to poke fun at your strategy but by all accoutns i would think most financial advisors would suggest it to be somewhat of a inopportunistic way of investing your capital.
I say this because while some may look at the interest rate adn deduction with respect to a loan I look at this relative to the loads on Great Mutual fund families. I will use the exmple of The American Funds. Most of their funds carry a front end load of 5.75%. But as you use your Rights of Accumulation (Breakpoint for dollar amounts invested) thes costs go down dramatically.
So when i look at a million dollar purchase (or more in your instance) and consider the difference between putting 20% down vs 35% that difference could be substantial with respect to potential break points that could be earned with a minimal amount of money management.
My question for you is whether or not you advisors are sort of in the same camp as me with respect to utilizing your cash or are they the ones suggestig to put the money down on the home?
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