Hey everybody, sorry for the long wait between episodes, had a hectic week to say the least. Hopefully you appreciate the extra effort put into this one, keen to hear your feedback on it! If you did enjoy it and/or find it useful, make sure to like the video so more people can find it! Big thanks as always, and have a good weekend ❤️
I finally plucked up the courage to do my first ever portfolio reveal last weekend. Initially I chucked everything at the mortgage relentlessly until it was gone, then I started my dividend portfolio. I like to fight one battle at a time, it’s a psychological thing. Motivation is absolutely key because you need to maintain consistency and determination over the long term. I’m a buy and hold investor and my time horizon is forever.
I paid off our mortgage early a few years back using overpayments before I even thought about investing in the stock market. It was the best decision we ever made as now it's one less worry and gives me more to invest in my index funds and pension.
Another awesome video 😎 For myself I think paying off the mortgage first and investing more disposable income is the route I will take but I have a few months to decide before my current mortgage product ends.
Another point to consider when thinking about overpayment of your mortgage vs investing is the mortgage loan to value (LTV). If you can get to one of the lower LTV bands you will access better interest rates when it is time to get a new deal.
Mortgage overpayment; such a debate with so many other modes of investment available now, which were non existent years ago! I don’t have enough capacity to follow and keep up to date with stocks and crypto, so I may be best to overpay with my 10% allowance, over saving it in my bank account, but would be interested to know your thoughts and others perspectives, as always open to new ways of thinking!??
I guess that investing in global index funds means you don’t really have to know much about stocks to benefit from the stock market. But if you’re not comfortable with that, then overpaying your mortgage is always a great way to go
My opinion FWIW: pay down your mortgage whilst retaining some emergency funds. If the mortgage rises then take a break from overpaying. If it rises beyond your means then go interest only to weather the storm.
@@iQinvesting like everything it's all about Risk. I've become pessimistic about the stock market, I've reduced my exposure. The government is going after UK landlords with latest energy legislation so property is less attractive. Physical gold might be worth considering but paying off your mortgage feels good and compound interest makes it worthwhile. If the shares crash again I might increase my holding but I'm sitting on my hands! I despair for youngsters buying their first UK home.
@@iQinvesting Or buy a house pay it off. As well as investing. When house prices drop Buy a buy to let pay it off. Buy another buy to let pay it off. Then the buy to lets should take care of themselves. And give you some extra money.
@@TheCompoundingInvestorlove the iq investing channel. But also your channel is great also dividend investing . Something i havent done but would love to
I overpaid and paid off my mortgage early (interest rate 4.5%) before I got in to investing which financially was not the best thing to do but now I have lots of disposable income and no financial worries. I now invest large sums each month from my salary. If I got a mortgage today I would probably invest my spare cash especially while mortgage rates are so low.
Hey everybody, sorry for the long wait between episodes, had a hectic week to say the least. Hopefully you appreciate the extra effort put into this one, keen to hear your feedback on it!
If you did enjoy it and/or find it useful, make sure to like the video so more people can find it! Big thanks as always, and have a good weekend ❤️
I finally plucked up the courage to do my first ever portfolio reveal last weekend.
Initially I chucked everything at the mortgage relentlessly until it was gone, then I started my dividend portfolio. I like to fight one battle at a time, it’s a psychological thing. Motivation is absolutely key because you need to maintain consistency and determination over the long term. I’m a buy and hold investor and my time horizon is forever.
Yeah psychology is everything in investing, it shouldn’t be underestimated!
hey bud, just came across your channel I liked the video and joined your YT family to help ya out and sending as much support as I can :)
Thanks mate!
@@iQinvesting you got it!
Nice fresh, presentation, mate. I tried to tackle this issue before, and it's such a personal choice. Spreadsheets Vs peace of mind. Nice work 👍
Cheers mate, and yeah its absolutely personal, nobody can really tell anybody the correct choice
Well put together Lewis. I enjoyed watching this.
Thank you Chris, appreciate it!
Just discovered your Chanel. Love the content and format. Well done!
Thanks Kos!!
Excellent video…loved the working example..could totally relate. Keep it up 👍🏼
Thank you!!
Nice video man! Love the transparency.
Cheers mate!
Thanks. Doing both 👍 Sue
I paid off our mortgage early a few years back using overpayments before I even thought about investing in the stock market.
It was the best decision we ever made as now it's one less worry and gives me more to invest in my index funds and pension.
Yeah, I can imagine the stress relief is huge. Nice job!
@@iQinvesting If you leverage right, you wont need to stress
Another awesome video 😎
For myself I think paying off the mortgage first and investing more disposable income is the route I will take but I have a few months to decide before my current mortgage product ends.
Sounds like a fair plan, good luck to you with it!
Another point to consider when thinking about overpayment of your mortgage vs investing is the mortgage loan to value (LTV). If you can get to one of the lower LTV bands you will access better interest rates when it is time to get a new deal.
Good point!
That’s what I’m doing but I invest also 👍🏻😊
Great video, cheers mate
Cheers mate, thanks for watching!
Mortgage overpayment; such a debate with so many other modes of investment available now, which were non existent years ago! I don’t have enough capacity to follow and keep up to date with stocks and crypto, so I may be best to overpay with my 10% allowance, over saving it in my bank account, but would be interested to know your thoughts and others perspectives, as always open to new ways of thinking!??
I guess that investing in global index funds means you don’t really have to know much about stocks to benefit from the stock market. But if you’re not comfortable with that, then overpaying your mortgage is always a great way to go
I like a combo of the two!
Good point, don’t have to go all in either way!
Hurrah for the hat 🤣
😂 he's back
My opinion FWIW: pay down your mortgage whilst retaining some emergency funds. If the mortgage rises then take a break from overpaying. If it rises beyond your means then go interest only to weather the storm.
Thanks for the comment, so you don’t think investing at all with a mortgage is a good idea?
@@iQinvesting like everything it's all about Risk. I've become pessimistic about the stock market, I've reduced my exposure. The government is going after UK landlords with latest energy legislation so property is less attractive. Physical gold might be worth considering but paying off your mortgage feels good and compound interest makes it worthwhile. If the shares crash again I might increase my holding but I'm sitting on my hands! I despair for youngsters buying their first UK home.
loved the sassy reference, wadiyatalkenabeet
yeahnahnahyeahnham8
Buy a house start paying it asap. Keep investing. When you get to 50 you have no mortgage and a fair bit of money invested
Sounds good to me, cheers!
@@iQinvesting Or buy a house pay it off. As well as investing. When house prices drop Buy a buy to let pay it off. Buy another buy to let pay it off. Then the buy to lets should take care of themselves. And give you some extra money.
Wise advice Stephen 👍🏼
@@TheCompoundingInvestorlove the iq investing channel. But also your channel is great also dividend investing . Something i havent done but would love to
I overpaid and paid off my mortgage early (interest rate 4.5%) before I got in to investing which financially was not the best thing to do but now I have lots of disposable income and no financial worries. I now invest large sums each month from my salary. If I got a mortgage today I would probably invest my spare cash especially while mortgage rates are so low.
Yeah at 4.5% I’d say paying down a mortgage is a great idea