Filed under: Investing, Personal Finance
That's the riddle many Americans are trying to figure out these days. After the necessities are taken care of -- food on the table, credit card debts paid off, emergency fund funded -- it's time to choose: mattress, stock market or mortgage?
Do the math, and there's a clear winner: The average rate on a one-year CD is 0.34%. The dividend yield on the S&P 500 is an anemic 2%. The rate on a 30-year mortgage is 3.95% -- more than...
The Best Place to Put Cash: Extra Mortgage Payments originally appeared on DailyFinance.com on 2012-02-29T06:30:00Z.
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