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re: Would you carry a mortgage if you didn't have to?
Posted on 6/5/18 at 2:59 pm to Tigerpaw123
Posted on 6/5/18 at 2:59 pm to Tigerpaw123
quote:
Imagine having $150,000 back in 2008 to invest after the crash. HELOC
quote:
or
Imagine having the balls to borrow 150K in 2008 after the market crash, and not knowing what direction it was going, and investing in the market
Yep. Or Imagine losing your job and the HELOC gets called when the credit markets froze up. Course, maybe the Magic 8 ball would predict all of that too.
Borrow against your home to invest in the stock market =
As for the OP, I like his idea of going with a 15 year and paying it off in 5+/- years - mainly because he’s looking to retire within that time frame. Yeah, I wouldn’t pull from the retirement funds either, in his case.
This post was edited on 6/5/18 at 3:00 pm
1
Posted on 6/5/18 at 7:36 pm to Jag_Warrior
You can laugh if you like.
But common sense knew that millionaires were going to quickly be made in 4 years after the stock market fell 30%.
But you need to have money to make money. Only those with cash outside of the market were able to take advantage.
This is basic economic and financial knowledge that you probably don't possess.
But common sense knew that millionaires were going to quickly be made in 4 years after the stock market fell 30%.
But you need to have money to make money. Only those with cash outside of the market were able to take advantage.
This is basic economic and financial knowledge that you probably don't possess.
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