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Old 09-23-2009, 05:05 PM   #41
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6 months living expenses in Vanguard Prime MM, but earning almost nothing :-(

Worried about job security, I pulled a bunch out of HELOC and parked it in 1 year and 1.5 year CDs paying slightly more than the HELOC rates (but only slightly). These are coming due soon, so either I need to put the money back on the HELOC or find another place to park it. Nothing is looking very attractive. Luckily I have a new job, so am less worried about job security now.
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Old 09-23-2009, 07:15 PM   #42
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At this point, do you think it is worth it to just go ahead and pay off the mortgage with the cash sitting around??
John Heinzl would say "yes".

The best investment? Paying off your mortgage - The Globe and Mail

Keep in mind that YMMV if your mortgage interest is tax deductible. My interpretation of this in a Canadian context is that the mortgage on a principal residence should be paid off ASAP, but a mortgage on an investment property should be paid off based on after tax cash flows.
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Old 09-23-2009, 08:47 PM   #43
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John Heinzl would say "yes".

The best investment? Paying off your mortgage - The Globe and Mail

Keep in mind that YMMV if your mortgage interest is tax deductible. My interpretation of this in a Canadian context is that the mortgage on a principal residence should be paid off ASAP, but a mortgage on an investment property should be paid off based on after tax cash flows.
Excuse my ignorance, but what does YMMV mean?
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Old 09-23-2009, 08:51 PM   #44
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Excuse my ignorance, but what does YMMV mean?
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Old 09-23-2009, 08:51 PM   #45
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Excuse my ignorance, but what does YMMV mean?
You can find the answer to than plus more here: * Acronyms and Slang Frequently Used on the Forum *
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Old 09-25-2009, 08:43 AM   #46
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Don't overlook gold. I am in the "distribution" phase I guess, and as a hedge against a private retirement (stocks, bonds) most of my wealth is my home and precious metals, mostly gold coins with a few collectibles thrown in for fun. Since early 2004 when I moved most of the funds into gold, it's done very well, like from $425 to $1000+ /oz. A safe deposit box costs about $35/year.
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Old 09-25-2009, 10:00 AM   #47
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Don't overlook gold. I am in the "distribution" phase I guess, and as a hedge against a private retirement (stocks, bonds) most of my wealth is my home and precious metals, mostly gold coins with a few collectibles thrown in for fun. Since early 2004 when I moved most of the funds into gold, it's done very well, like from $425 to $1000+ /oz. A safe deposit box costs about $35/year.
How do you create cash flow from these investments?

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Old 09-25-2009, 10:24 AM   #48
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So what do you guys and gals do for cash right now, at least the ones who aren't still riding 5% CDs? Are you just going with MMs and CDs and figuring low inflation makes it a wash? Short term bond funds? TIPs fund?
Good old boring TE muni bond funds, both national and NYS, just as I have been doing for several years, pre- and post-FIRE.
I just started up a small DCA amount into a NY TE MM fund, but after 3 months, decided to back off the DCA to that for a little while until it is worth it.
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