Ask Jill: Investing vs. Mortgage Pay Down
Jill Schlesinger: Better to Pay Down Mortgage Debt or Invest in a Diversified Portfolio?
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Jill Schlesinger, CFP®, is the Emmy and Gracie Award-winning business analyst for CBS News, where she translates complicated business and economic news into understandable, relatable topics for everyday viewers and listeners.
Schlesinger covers the economy, markets, investing and anything else with a dollar sign on TV, on the "Jill on Money" podcast, radio (including her nationally syndicated show, "Jill on Money," which won the 2018 and 2021 Gracie Award for Best National Talk Show), the web and her blog, "Jill on Money." Jill also won a 2018 Personal Finance Reporting Award from the Radio Television Digital News Association (RTDNA)/National Endowment for Financial Education (NEFE).
Prior to her second career at CBS, Schlesinger spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.
Schlesinger's second book, "The Great Money Reset," was published in January 2023 by St. Martin's Press and her first book, "The Dumb Things Smart People Do With Their Money," was published in February 2019 by Ballantine Books.
Jill Schlesinger: Better to Pay Down Mortgage Debt or Invest in a Diversified Portfolio?
Years ago, I got into a heated argument with another financial advisor about mortgage pay-downs. He was absolutely certain that with rates at all-time lows (at the time, 6% or so), there was NO reason to pay down the outstanding loan because "over the long-term, a diversified portfolio would be afte...
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I asked you to talk to me about your money and you delivered! I'll work through questions through the Financial Decoder blog, so be patient. Remember, you can send me your questions be sending me a comment on my blog, here or by sending an e-mail to asktheexperts@moneywatch.com. We start with a g...
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