If you’re looking for a long-term investment, you can get a thirty year bond from the US Treasury.
The thing about that kind of asset class is that it requires a real commitment for the long game. If you think 30 years is too long for comfort, you might want to trust your instincts.
A thirty-year mortgage is also an undertaking for a very long time except there’s an established mechanism for closing it out early. You just come up with the balance of the money owed. That’s easier said than done.
Still, getting out of a mortgage isn’t like erasing a tattoo.
Ink on skin can make a 30-year bond look like the blink of an eye.
About the author: I am Stephen Kennedy, an experienced photographer with more than 2500 completed sessions in all 50 US states.