Currently my financial plan is in its early stages with my partner and I's PPoR being built.
We plan to stay in this for the next 3-5 years, then redraw to build a new PPoR and use the first as an IP. Savings during this period is also being dumped onto the mortgage for said redraw.
How is this looking so far? Am i not seeing any possible issues with this plan?
My partner also is wanting to start a share portfolio, however I thought especially under this economic climate it would be better to put those funds onto the mortgage saving interest repayments, than in the topsy-turby share market, with gains having to far exceed my loans interest rate + inflation + taxes to make any real gain. Or am I looking at this the wrong way?
Any suggestions, criticisms or ideas would be a great help guys.
We plan to stay in this for the next 3-5 years, then redraw to build a new PPoR and use the first as an IP. Savings during this period is also being dumped onto the mortgage for said redraw.
How is this looking so far? Am i not seeing any possible issues with this plan?
My partner also is wanting to start a share portfolio, however I thought especially under this economic climate it would be better to put those funds onto the mortgage saving interest repayments, than in the topsy-turby share market, with gains having to far exceed my loans interest rate + inflation + taxes to make any real gain. Or am I looking at this the wrong way?
Any suggestions, criticisms or ideas would be a great help guys.