Talking stocks, trading, and investing in general

[HRoi]

Do you think that large caps are gonna tank over the medium term or something? Because selling QQQ to raise cash for a project means you have to pay any capital gains tax on the sale, plus forego compound gains on a security that’s returned double digit gains for a very long time now

 

[Piobaire]

Maybe do a HELOC? I know rates are high but you can do draws on it as needed, so interest only on what's been drawn, then at the end of the project assess the situation as I figure we're in a period of flux.

 

[jbarwick]

Maybe do a HELOC? I know rates are high but you can do draws on it as needed, so interest only on what's been drawn, then at the end of the project assess the situation as I figure we're in a period of flux.

I don't know if I'd ever do a HELOC. I see the appeal but for house projects, prefer to keep it within the funds I have. If we don't have enough, we just save up a bit more.

 

[imatlas]

We used a HELOC to pay for a remodel, then refinanced and folded it into a 30 year loan when they were sub 3%. It worked out well and we didn’t have to tie up more capital in our already capital intensive home.

 

[RedLantern]

We used a HELOC to pay for a remodel, then refinanced and folded it into a 30 year loan when they were sub 3%. It worked out well and we didn’t have to tie up more capital in our already capital intensive home.

I did a simple rate/term refi when rates were at the bottom and I'm so pissed I didn't pull cash out to invest. I don't remember why I didn't - just being conservative I guess. Probably had something to do with being relatively early on in a global pandemic. We were able to keep our payment the same and move our paid off date up 4 years though, which isn't nothing.

 

[ValidusLA]

I did a simpile rate/term refi when rates were at the bottom and I'm so pissed I didn't pull cash out to invest. I don't remember why I didn't - just being conservative I guess. Probably had something to do with being relatively early on in a global pandemic. We were able to keep our payment the same and move our paid off date up 4 years though, which isn't nothing.

Same. Refined to 2.6% during early pandemic. Didn't pull anything out cause I was being hyper conservative.

12 months later my income doubled and I've been kicking myself ever since.

Been wanting to do some reno, but the idea of pulling a heloc at 8% when we could have had it at 2.6 turns my stomach.