All Hokie, All the Time. Period.

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Joined: 01/01/2005 Posts: 14205
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I’m in the minority here as I just did same. Refi mortgage at 2-3% and i

Invested substantial proceeds. Historically stocks return 8-10% and yep, may be a downturn, even a big one, but history says you are gonna come out ahead. Mortgage interest is deductible…. Gains on your investments are capital. Not any different than buying on margin except you are using your money and you are in control! Even if you buy a 4% dividend stock you end up slightly ahead.
I did a 10 yr refi where old mortgage was halfway through 15 yrs. Have lower payment and substantial cash to invest with not much longer term and front end loaded deductibility of interest while I need it most.
I have portfolio such that if stocks tank I have resources to pay my expenses without selling in downturn.
Slam dunk…. jMHO

[Post edited by DonHo-kieHi at 10/26/2021 09:15AM]

(In response to this post by HokieMacDaddy)

Posted: 10/26/2021 at 09:06AM


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Current Thread:
Question for you investing types -- HokieMacDaddy 10/25/2021 10:22AM
  I paid off my mortgage 3 months ago. -- HokieJay 10/25/2021 8:23PM
  I think that is absolutely insane. -- GobblerCE 10/25/2021 5:17PM
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  The market is in a downturn? When did this happen? ** -- Brown Water 10/25/2021 1:45PM
  My 401k is up 21% for the year. I’m loving it. -- Stork 10/26/2021 05:28AM
  The Dow and the S&P hit record highs today ** -- Brown Water 10/25/2021 7:00PM
  It's coming water. -- HokieJay 10/25/2021 9:33PM
  All I said was the market isn't in a downturn ** -- Brown Water 10/25/2021 10:20PM
  True dat, it sure is. ** -- HokieJay 10/26/2021 12:05AM
  The market is not in a downturn, just saying ** -- Brown Water 10/25/2021 7:32PM
  It's being artificially held up by the Fed. ** -- EDGEMAN 10/25/2021 7:47PM
  Nope, our economy is in trouble. ** -- EDGEMAN 10/25/2021 8:45PM
  Depends on a lot of factors -- HokieAl 10/25/2021 11:59AM
  Don't -- 1987Hokie 10/25/2021 11:45AM
  Doge! ** -- ModerateHokie 10/25/2021 11:35AM
  Thanks everyone - that's about what I figured ** -- HokieMacDaddy 10/25/2021 11:28AM
  I would not do it... -- Hungry Joe 10/25/2021 11:28AM
  Put it all in Dog Money ** -- Happy Dog 10/25/2021 11:05AM
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  Scratch-off lottery tickets. ** -- HokieNoVA 10/25/2021 11:02AM
  Don’t ever do this ** -- VT Pops 10/25/2021 10:55AM
  Plastics + Orange Juice futures ** -- FfxStationHokie 10/25/2021 10:51AM
  Pork bellies ** -- Brown Water 10/25/2021 10:44AM
  That's opposite of diversification -- HokieForever 10/25/2021 10:39AM
  Looks like there is a diversity part of the equation -- turkeywinghokie 10/25/2021 10:37AM
  Buy all Bitcoin- just don't lose the password ** -- bigbadbird 10/25/2021 10:36AM
  Pay the house off, then invest/save -- JoesterVT 10/25/2021 10:36AM
  I wouldn't do that for several reasons ... -- vt90 10/25/2021 10:30AM
  1) you're not an idiot? ** -- bigbadbird 10/25/2021 10:37AM
  Yes- gamble with your house- do that - brilliant ** -- bigbadbird 10/25/2021 10:25AM

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