together with my new mortgage insurance, i am also reviewing my other insurance portfolio. so i am now thinking - how much of my spare cash should i set aside for normal investment (unit trust/bonds/equities, etc), and how much should i set aside to quickly repay my housing loan.
of coz, easy answer is since loan=1% and if investments can get more than 1%, then go for investments. but it is not the simple. investments have downsides (even bonds), while repaying that housing loan is more assuring, psychologically. one is a bet, the other is a certainty.
ok, for discussion purpose. say i now have 5k spare cash every month. and a decent buffer for housing loan repayment for 6-12 months.
what will u do with the 5k?