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  • Money Magazine

    PORTFOLIO CAN PAY BIG DIVIDENDS

    May 08, 2019 5 minutes

    Paying down your mortgage as fast as you can – faster than minimum repayments – is a great investment plan that can save you thousands in interest costs over the term of your loan.

    However, if your mortgage is at a comfortable level – so that you could afford an interest rate increase or a period where, if you are a couple, one of you is between jobs – then it’s worth thinking about broadening your investment strategy.

    Saving for short-term goals is best done in your mortgage offset account, but if you are willing to invest for the long term (more than 10 years) then a share portfolio is a great option. Investing regularly – say monthly – into a portfolio is also a good way to mitigate risk.

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