Why Interest Only Loans No Longer Make Sense
Poor financial decisions have been bleeding humans dry for centuries. One of them, which I see over and over again, is investors taking out interest only loans when they're far better off paying principal and interest.
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Almonds. 10 years ago I let a financial adviser I barely knew convince me to invest in an almond farm I’d never seen to help offset tax. Over the next five years, I paid thousands of dollars in deductible management fees and interest, ultimately losing thousands on the whole scheme. It’s the single worst financial decision I’ve ever made.
Poor financial decisions have been bleeding humans dry for centuries. One of them, which I…
