Author Topic: Where to invest profit from home sale for new investor  (Read 283 times)

kato

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Where to invest profit from home sale for new investor
« on: July 07, 2020, 09:37:30 AM »
Asking for new investor, that isn't holding any stocks/bonds/gov't or real estate equities besides primary residence.  Could pay off a 3% mortgage or find another investment.  thoughts on a low risk investment for new investor?  Or how to coach them into a safe investment over 3% return?

MustacheAndaHalf

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Re: Where to invest profit from home sale for new investor
« Reply #1 on: July 07, 2020, 10:36:24 PM »
How far from retirement is your friend?  5-10 years, or 30+ years?  A rough estimate is fine.
Is your friend in a stable job, or without work?  That can impact their ability/desire to take risks.

Historically, a 3% mortgage is very, very low.  There is a very high chance of beating 3% by investing - but investing is never a certainty.  The longer the time frame, the more likely investing is better financially.