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  1. #1
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    I'm thinking about refinancing my house to invest in stock market

    I owe 40K on it and it's worth 310K. I'm thinking about taking out 200K to put it all in stock market


    When I look at history of stock market, every time it has had a huge dip like this - it came back with a furious vengeance within 3-4 years. I'm guessing I can put 200K on it and it would be up to 300K in a couple years


    My mortgage would still be cheap - I could do a 30 year mortgage and have a 2K payment, which would be totally fine. If this is a bad idea, why do you guys think so? I would put it into technology and aggressive growth mutual funds. I think it will come back with a furious vengeance soon
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  2. #2
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    i'm very serious about this. Do you guys think this is a bad idea?
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  3. #3
    Registered User dontstopbelief's Avatar
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    dontstopbelief is just really nice. (+1000) dontstopbelief is just really nice. (+1000) dontstopbelief is just really nice. (+1000) dontstopbelief is just really nice. (+1000) dontstopbelief is just really nice. (+1000) dontstopbelief is just really nice. (+1000) dontstopbelief is just really nice. (+1000) dontstopbelief is just really nice. (+1000) dontstopbelief is just really nice. (+1000) dontstopbelief is just really nice. (+1000) dontstopbelief is just really nice. (+1000)
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    As long as you dont buy everything TODAY, yeah I would give it a go and start to build a position slowly
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    Lord of Ruin Humungus's Avatar
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    This is a once in a decade happening. Not saying we can't go lower, but longer term 30-40% gains (and higher for tech and other less affected sectors) are a fairly safe bet. Hell, it'll probably snapback 20% immediately when the tide appears to have turned and people go back to work. Just spread your risk and go for "safe" tech.
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  5. #5
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    Originally Posted by Humungus View Post
    This is a once in a decade happening. Not saying we can't go lower, but longer term 30-40% gains (and higher for tech and other less affected sectors) are a fairly safe bet. Hell, it'll probably snapback 20% immediately when the tide appears to have turned and people go back to work. Just spread your risk and go for "safe" tech.
    I agree

    200K would turn into 240 in no time. Then that 240K with just a 10% increase will be millions over 30 years
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  6. #6
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    Bumppppp
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  7. #7
    Registered User TheSpiceMelange's Avatar
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    Would of been wise 1.5 weeks ago...
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