Mullooly Asset Management
Mullooly Asset Management
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"My Home Was The Best Investment I Ever Made"
• 29 min"My Home Was The Best Investment I Ever Made" Episode 442 of the Mullooly Asset podcast starts with: We've lost count of the times we have heard "my home was the best investment I ever made." But is it really? It might be because your home may be the ONLY investment you have held for thirty years. When you go through the math, as Tim and Tom do in episode 342, you learn that people often overlook the cost of affording the home (mortgage costs - especially compound interest!), property taxes, the maintenance, any improvements. You get the idea. And while you cannot "sleep in your S&P 500 index fund," you also have very little in terms of additional costs in investments like exchange-traded funds once the initial investment is made. In episode 442, Tom and Tim also talk about the projected 2024 increase in the cost-of-living adjustment for social security recipients. Here's a hint: it's *projected* to be way less than 2023!
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