Comments for Financial Answers http://www.insimplelanguage.com IN SIMPLE LANGUAGE Mon, 15 Aug 2011 17:40:42 +0000 hourly 1 http://wordpress.org/?v=3.0.5 Comment on Discussion by Rich http://www.insimplelanguage.com/discussion/comment-page-1/#comment-21953 Rich Mon, 15 Aug 2011 17:40:42 +0000 http://insimplelanguage.com/?page_id=1661#comment-21953 Wiz, Thanks for the question.Some people should own a home. Some people shouldn't. The FINANCIAL ANSWER OF THE WEEK is just giving another way of thinking about home ownership. Trying to compare rent vs buy over a 20 year time people would be difficult and inaccurate because of all the unknown and hidden variables ie: taxes, home repairs, inflation, location and on and on. This recent mortgage mess has also created a new dilemma for current and future homeowners. Only you can make the final decision on whether you should rent or buy. Rich Wiz, Thanks for the question.Some people should own a home. Some people shouldn’t. The FINANCIAL ANSWER OF THE WEEK is just giving another way of thinking about home ownership. Trying to compare rent vs buy over a 20 year time people would be difficult and inaccurate because of all the unknown and hidden variables ie: taxes, home repairs, inflation, location and on and on. This recent mortgage mess has also created a new dilemma for current and future homeowners. Only you can make the final decision on whether you should rent or buy.

Rich

]]> Comment on Discussion by wizard http://www.insimplelanguage.com/discussion/comment-page-1/#comment-21952 wizard Wed, 10 Aug 2011 13:41:13 +0000 http://insimplelanguage.com/?page_id=1661#comment-21952 Great post on mortgages. I wonder though, is it still true when you consider that in 20-30 years, your pmt will be $0 and your rental pmt would be 2-3 times what your mortgage pmt was? Isn't that what most of us work towards? The idea of security in retirement? How about giving us a comparison over 20 years between rent vs buy. And it would be fair to assume we are still paying the mortgage after the 20 years. Great post on mortgages. I wonder though, is it still true when you consider that in 20-30 years, your pmt will be $0 and your rental pmt would be 2-3 times what your mortgage pmt was? Isn’t that what most of us work towards? The idea of security in retirement? How about giving us a comparison over 20 years between rent vs buy. And it would be fair to assume we are still paying the mortgage after the 20 years.

]]> Comment on Discussion by Rich http://www.insimplelanguage.com/discussion/comment-page-1/#comment-21949 Rich Wed, 29 Dec 2010 14:35:47 +0000 http://insimplelanguage.com/?page_id=1661#comment-21949 Warren, Thanks for your question. An ETF or Exchange Traded Fund is similar to a mutual fund except it is bought and sold like a stock. It usually has a cost to purchase and sell which most regular mutual funds don't have. The ETF usually matches a stock market index whereas a mutual fund is usually, but not always, specific stocks and/or specific bonds, and/or cash. I hope this helps to answer your question. Rich Warren,

Thanks for your question. An ETF or Exchange Traded Fund is similar to a mutual fund except it is bought and sold like a stock. It usually has a cost to purchase and sell which most regular mutual funds don’t have. The ETF usually matches a stock market index whereas a mutual fund is usually, but not always, specific stocks and/or specific bonds, and/or cash. I hope this helps to answer your question.
Rich

]]> Comment on What’s this “In Simple Language” all about? by lpn nurse http://www.insimplelanguage.com/whats-this-in-simple-language-all-about/comment-page-1/#comment-21948 lpn nurse Wed, 29 Dec 2010 03:59:37 +0000 http://insimplelanguage.com/?p=4#comment-21948 Excellent work my friend! Excellent work my friend!

]]> Comment on Discussion by Warren http://www.insimplelanguage.com/discussion/comment-page-1/#comment-21947 Warren Tue, 28 Dec 2010 21:53:21 +0000 http://insimplelanguage.com/?page_id=1661#comment-21947 A friend of mine suggested I put my money into an ETF. Could you explain to me what an ETF is? A friend of mine suggested I put my money into an ETF. Could you explain to me what an ETF is?

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