Hi all, long time reader of the blog but first time poster.
My wife and I have recently paid off the mortgage on our home - awesome!
Our only liability is a $200k business loan @ 5%. We have also accumulated another $200k since paying off our mortgage which is sitting in the bank earnings very little.
The question is, do we pay off the business loan which is tax deductible or do we start investing into an ETF or the like? The interest on the business loan is tax deductible so the gross return on investing the $200k would need to be around 6.1%.
Thanks in advance