Could also be that there are other (and potentially better) investment options.
Oh... Please share...
Bet he is gonna say real estate
yes real estate. I stretched myself at the bottom of the housing bubble bust and bought another house...Yes, in Las Vegas. Granted I was stationed at Nellis doing a joint Navy job but we got aggressive and had the down payment for a foreclosure (Vegas was SO FULL of them at the time). we bought a house that was built in 2007 (and sold then for $284k) and we paid $102k...today that house is being rented for $1350 / month and my mortgage is roughly $550. I could drop that house tomorrow for $240k. I should have bought 3 of them and stopped putting money in my 401k. my 401k has barely made anything over the last 10 years. just my 2 cents.
That's a great story. We bought our beach property and our mountain property back when land prices were low. Unfortunately for your suggested strategy, this ain't 2007 anymore.
"When I say ever thing I mean ever thing." - Frankie
