I was talking with a friend the other day, about, what else, investing. He said he had lost about $100,000 on dot com investments. He said he had some cash lying around and wondered what was a very conservative investment.
I thought some, and mentioned that, for me, paying down the mortgage is a nice, safe investment. It certainly beats earning between 0 and 1 percent in a savings account. I look at the difference between short-term rates and one’s mortgage rate. That difference could be 4+ percent.
There is no way this type of investing will pop and make you rich overnight. But it is a safe, sensible option. And it is likely to improve your credit score.