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Learning, Sharing, and Teaching => Investor Alley => Topic started by: Mighty-Dollar on March 16, 2020, 01:38:16 PM

Title: Reverse mortgage to get into the stock market?
Post by: Mighty-Dollar on March 16, 2020, 01:38:16 PM

Anyone considering a reverse mortgage to get into the stock market if it keeps going down?

Title: Re: Reverse mortgage to get into the stock market?
Post by: AdrianC on March 16, 2020, 01:47:00 PM

No.

Curious, when would you buy in using borrowed money?

Title: Re: Reverse mortgage to get into the stock market?
Post by: thd7t on March 16, 2020, 02:33:39 PM

Reverse mortgage or cash out refinance?

Title: Re: Reverse mortgage to get into the stock market?
Post by: Saving in Austin 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.