Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Taking out a second mortgage to buy stocks "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]DH is convinced this is a brilliant move and has initiated a second mortgage on our house. $300K 30-year fixed APR at 8.49%. This gives us $950K debt total on a $1.3M house. Wants to buy in to AI stocks before it is too late. Is everyone else doing stuff like this and I’m just overly conservative? This seems like a bad move. [/quote] Was a somewhat good idea in October 2022 during sell off, a very very very bad idea today with stocks in a bubble. BTW my BIL did same thing in took a full finance IO AMRS mortgage of house to invests in stocks in 2004. it turned badly on him in 2008. He would of lost house if the stock crash had not tanked mortgage rates. In end he retired in 2020 with a 900K mortgage on a house he bought 30 years earlier and they had to sell and downsize to a little house as could not afford mortgage. When they should of had zero mortgage. Him cashing out lost them 900k [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
