Author Topic: Reverse mortgage to get into the stock market?  (Read 293 times)

Mighty-Dollar

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Reverse mortgage to get into the stock market?
« on: March 16, 2020, 01:38:16 PM »
Anyone considering a reverse mortgage to get into the stock market if it keeps going down?

AdrianC

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Re: Reverse mortgage to get into the stock market?
« Reply #1 on: March 16, 2020, 01:47:00 PM »
No.

Curious, when would you buy in using borrowed money?

thd7t

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Re: Reverse mortgage to get into the stock market?
« Reply #2 on: March 16, 2020, 02:33:39 PM »
Reverse mortgage or cash out refinance?

Saving in Austin

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Re: Reverse mortgage to get into the stock market?
« Reply #3 on: March 16, 2020, 09:47:59 PM »
I paid off my mortgage last August by selling $90K worth of VTSAX when it was at 70.

All the numbers and analysis said don't pay it off and keep it invested.

Today's closing price on VTSAX was 58.

I feel calm, relaxed and I sold some bonds and made a retirement contribution of $10K to buy back VTSAX at 58 this afternoon.

I will keep buying back in whenever the market tanks again over the next few months or years.

But I won't ever do it with borrowed money.