How do I cash in my shares?
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morgun
Apprentice
Joined: 20 Feb 2006
Posts: 11
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 Posted: 09/19/07 - 06:10 Post subject: |
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| While I was just thinking how could I cash in part of my shares and get some extra money, I have suddenly inherited a lump sum of money. I did not expect that so now I do not know what to start with it. If it stays in the house we will surly spend it on some unimportant stuff. I am thinking between paying the mortgage and investing it. Is it smart to be paying off mortgage as soon as possible? Therefore, I need your opinion - should I pay off my mortgage or invest money elsewhere? |
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boris
Apprentice
Joined: 09 Jan 2007
Posts: 19
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| Posted: 10/17/07 - 00:49 Post subject: |
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| I would surly like to have your kind of problem. Just kidding. Of course, if you don't get the money out of the house it will, most surly, be spend within couple of months. You are right, you should not miss the opportunity to do something important with that money for your family. What to do depends mostly of you. If you have a good mortgage and understand in investments or have somebody you trust to invest your money then it would surly be better to invest it. That way you might earn much more then your mortgage rate. However, if you do not have any experience with investments you should better pay your mortgage and get it of your back. |
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