Timeline for Risks of using home equity for high risk market investing
Current License: CC BY-SA 4.0
14 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Dec 17, 2020 at 18:11 | vote | accept | Jacksonkr | ||
| Dec 14, 2020 at 21:00 | history | tweeted | twitter.com/StackFinance/status/1338589625284169736 | ||
| Dec 14, 2020 at 17:04 | answer | added | Kaz | timeline score: 22 | |
| Dec 14, 2020 at 14:57 | comment | added | Jacksonkr | @RonJohn Thanks for clarifying and yes I agree that now is a much better time to take the risk! Part of my asking questions here is to make sure I have accounted for the risks so that I can double check my comfortability eg would I be able to comfortably weather the unavoidable bear markets that are coming. | |
| Dec 14, 2020 at 14:18 | history | became hot network question | |||
| Dec 14, 2020 at 13:59 | answer | added | JTP - Apologise to Monica♦ | timeline score: 7 | |
| Dec 14, 2020 at 13:51 | answer | added | Grade 'Eh' Bacon | timeline score: 8 | |
| Dec 14, 2020 at 11:48 | answer | added | mhoran_psprep | timeline score: 12 | |
| Dec 14, 2020 at 3:06 | answer | added | jamesqf | timeline score: 4 | |
| Dec 14, 2020 at 1:55 | comment | added | RonJohn | I did a bit more research, and discovered I was confusing some things. Still, if you lose your job during a recession, and the HELOC comes due during that time, you could take a serious bath. Your desire to take risks now are much higher than they will be in 20 years. | |
| Dec 14, 2020 at 1:42 | comment | added | Jacksonkr | @RonJohn Do you know the technical term for a HELOC call? I'd like to research that so I have questions ready for my credit union. While it seems unlikely I'd still like to be prepared for that scenario | |
| Dec 14, 2020 at 1:15 | comment | added | Jacksonkr | @RonJohn during the draw period (10 years) I don't have to making any payments and per my projections I should be able to recoup the loan amount in 5-10 years depending on market performance (using last 10 years performance of s&p) | |
| Dec 14, 2020 at 0:57 | comment | added | RonJohn | Will you be paying the HELOC with current income, or from the proceeds of the investments? | |
| Dec 14, 2020 at 0:39 | history | asked | Jacksonkr | CC BY-SA 4.0 |