Quote:
Originally Posted by Carl Johnson
people's attitude towards investing is the same with driving: i am better than the average person. statistics would say otherwise.
a house is a cornerstone of personal happiness and financial freedom when you finally pay off that mortgage.
|
i can't agree more on the first (why do people even try to beat the indexes (we all try, we all fail, we call those opportunity losses 'education'), 60/40 split, diversify, rebalance, you will make in region of 7% p.a. nominal returns on average with immediate liquidity)
As for a house being the cornerstone of personal happiness and financial freedom, that shows the stupidity of average people. does this mean you have no happiness or financial freedom during the 30 years you are paying off your mortgage (and at the same time loads of interest)?
Those are your 30 best years of health and free cash time - live life, don't fuck yourself over with real estate (if you can afford it, sure that's fine, but most in Vancouver can't).