Comments on: Paying Down Your Debt - Back in Style? http://www.diyfinances.com/2006/06/05/paying-down-your-debt-back-in-style/ Take control of your finances. Fri, 21 Nov 2008 09:18:19 +0000 http://wordpress.org/?v=2.5.1 By: Dave http://www.diyfinances.com/2006/06/05/paying-down-your-debt-back-in-style/#comment-569 Dave Thu, 08 Jun 2006 06:46:01 +0000 http://www.diyfinances.com/2006/06/05/paying-down-your-debt-back-in-style/#comment-569 "Recently, I seem to be hearing lots of talk about where you should put your money in these ‘uncertain times’. And more frequently than usual, I am hearing experts say 'Pay down your debt.'" Sounds like a good idea. Although, another idea is that when the market starts to fall, it is better to buy equities (at depressed prices). Or, in other words, don't change what you are doing because the market takes a downturn. Don't stop contributing to your RRSP and putting money into stocks and instead put more money into your mortgage just because of "uncertain times" or a bear market. “Recently, I seem to be hearing lots of talk about where you should put your money in these ‘uncertain times’. And more frequently than usual, I am hearing experts say ‘Pay down your debt.’”

Sounds like a good idea. Although, another idea is that when the market starts to fall, it is better to buy equities (at depressed prices). Or, in other words, don’t change what you are doing because the market takes a downturn. Don’t stop contributing to your RRSP and putting money into stocks and instead put more money into your mortgage just because of “uncertain times” or a bear market.

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