Inherited Money: Stock Market, Savings, or Mortgage?

Ans: Yes your first priority should be to prepay the home loan as fast as possible.

I would recommend you to invest systematically and in a disciplined way in PPF, NPS, mutual funds for your long term goals. (Child education, retirement)

Investments in stocks will always be fraught with fear and greed aspect, apart from other biases so keep it within certain tolerable limits.

Ensure a good life and a personal healthcare cover for protection.

As a caveat seek advice from a registered research analyst on stocks.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing

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Ans: Hello;

I disagree with the suggestion given to you.

You must primarily focus on faster repayment of the overdue loan. While doing so you may initiate investments towards other goals.

Although investment maybe less now but making a beginning will help inculcate sense of fiscal discipline.

As the loan becomes zero, entire EMI+ should move towards investments.

Don't get into that calculation since returns from markets are not guaranteed especially in short to medium term when they are expected to remain choppy due to geo political reasons. However your loan obligation has to be fulfilled every month irrespective of any other developments.

Best wishes;