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re: My Exxon stock just hit a new high?

Posted on 9/28/23 at 6:31 am to
Posted by LSUnation78
Northshore
Member since Aug 2012
12112 posts
Posted on 9/28/23 at 6:31 am to
quote:

I could pay my house off with the gains of selling 25%.


Life changing money is life changing money. Pay off your mortgage. Thats cashflow you can use for a new investment.
Posted by 632627
LA
Member since Dec 2011
12872 posts
Posted on 9/28/23 at 6:57 am to
quote:

Pay off your mortgage.


This would depend on his rate.

I wouldn't pay anything off under 4% unless the balance is so low it's just for the sake of having one less bill to worry about.
Posted by BourbonDad
Somewhere on the vol surface
Member since Sep 2016
194 posts
Posted on 9/28/23 at 6:58 am to
Exactly, borrow against your equity and invest in a rental or something.
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