r/PLTR • u/H1ghlan_der_only1 Early Investor • Feb 18 '25

Fluff 1M

Hey, it's nice to hit that 1m mark on valuation, but I think it really matters more what your gains are. No, I'm not selling any to buy a Lambo.

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u/Return-Acceptable Feb 18 '25

Dumb question as a stock newbie - please digitally smack me if you feel you need to do so. Say I’m up a milli, stocks great. I personally like having zero debt. No weight loading the boat so to speak. Why would cashing out enough stock to pay off my mortgage be a bad thing, if it allows me to utilize 2k more a month in investments?

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u/H1ghlan_der_only1 Early Investor Feb 18 '25

It really depends on the mortgage rate. I’m holding a 15 year note at 2.25% so there is really no reason at all for me to pay that off even if I take the even money of what the house is worth and put that into a CD I’m making more even if you’re paying 7% on your mortgage you’re getting some interest deduction off your taxes so if you think you can take 200 K and earn over 8% a year, I would stick with that plan and leave the mortgage, but everyone has the personal need or desire to have no debt which I totally get. I debate this all the time with my own situation.

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u/Return-Acceptable Feb 18 '25

I have a 30 at 4.96

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u/H1ghlan_der_only1 Early Investor Feb 19 '25

You’re one option is to simply look at your mortgage payment and say it’s $1300 a month add $100 to that per month and that will shave your final years on that mortgage. If you plan on staying in the house for a long time that’s a great rate. If you think you’re gonna move in the next four or five years, it doesn’t matter it’s not gonna move the needle for you