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Reply to "Taking out a second mortgage to buy stocks "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We did this but with a triple leveraged Nasdaq fund (TQQQ). With annual returns averaging 8-10% (not accounting for inflation, so more like 6-8% real returns), we are almost guaranteed an annualized return of 20-24%. Our current HELOC rate is 7.625%, so we are basically printing $50k annually for the next 25 years. I thought everyone did this? [/quote] I don’t understand this. You are paying 7.625% on money you borrowed to make (after inflation) a max of 8%? So you’re taking on a ton of risk to make, in the best case scenario, less than .5% on your money?[/quote] You’re going to get fked at some point by leverage decay if you have prolonged down days in the market.[/quote]
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