You Retirement Goals?

[sabad66]

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The second 100k and the third 100k are the same dollars, you are double counting.

[89coupe]

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The second 100k and the third 100k are the same dollars, you are double counting.

If you borrow 100k, invest it and lose it all, you still only owe 100k. The only difference is borrowing it gives you access to 100k you might otherwise not have had, or had better things to do with it, and you incur some % of that in interest fees.

Sorry, it was late and I had a few haha

What I’m trying to say is I would never leverage my home equity to try and make gains, especially in a scenario where they may call you on your loan. Plus if you do lose it, you are paying interest on that borrowed money.

I would never borrow to gain, but that’s just me.

I’m not sure why the fuck I said $100k on top of the borrowed $100k haha

My brain wasn’t working last night.

Must have been the whisky

What I was thinking is if I have $100k of my own money and I lose it I’m not in a situation where I’m forced to pay back that $100k plus interest.

[killramos]

Lol all good homes

[bjstare]

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The one thing that always gets me is how cheap housing can be in the US depending on state. Can get a pretty pimpin' family home in Texas for $250k USD.

Well, yes and no. You'll also be paying $1k/mo in property tax on that house. Don't get me wrong, cost of living vs wages is still better down there... just not as good as it seems if you only look at housing prices.

[Buster]

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Sorry, it was late and I had a few haha

What I’m trying to say is I would never leverage my home equity to try and make gains, especially in a scenario where they may call you on your loan. Plus if you do lose it, you are paying interest on that borrowed money.

I would never borrow to gain, but that’s just me.

I’m not sure why the fuck I said $100k on top of the borrowed $100k haha

My brain wasn’t working last night.

Must have been the whisky

What I was thinking is if I have $100k of my own money and I lose it I’m not in a situation where I’m forced to pay back that $100k plus interest.

haha, all good.

The only point I was trying to make is that people think that borrowing to invest is distinct from investing instead of paying down the mortgage. But they aren't really different concepts. One is just an existing loan, and the other is a new loan.

- - - Updated - - -

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No Mr Buster. I don't care what the well groomed guy in your avatar connotes.

Scenario B ($100 - $100 - 'another' $100) is clearly worse than scenario A ($100 - $100).

Betcha they didn't teach that in your fancy schmancy CFA class.

That's Michael Corleone you savage!

Also, check your math.

[Buster]

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If it’s taking you 25yrs to pay back $100k... then you probably shouldn’t have “invested” $100k at the blackjack table to begin with

The whole idea of leverage is that you get access to more than you have. You have $100k and invest it, realize 10%, you make $10k. You have $100k, you leverage it against your free and clean house, you now have $500k and that 10% is now $50k. Simple concept. The vehicle you choose to use for your investment is what makes it smart or stupid to do, not the leverage itself

This is absolutely correct. Leverage is not in and of itself either good or bad. But it is riskier - and that can't be ignored (and it often is).

[The_Rural_Juror]

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haha, all good.

That's Michael Corleone you savage!

Also, check your math.

I have been checking for the past 4 hours. This is driving me insane!
Also I am now the proud owner of a new HELOC based on the advice from this thread.

[ExtraSlow]

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Also I am now the proud owner of a new HELOC based on the advice from this thread.

Yes yes, now you can heloc ALL the shit.

[dirtsniffer]

Is the mistake in the thread title driving anyone else nuts?

Beyond's financial literacy: A+
Actual literacy: C-

[ExtraSlow]

The capitalization? That is b- are worst.

[ercchry]

Eng students aren’t known for their language skills

[The_Rural_Juror]

So. How do I know if my HELOC is better than your HELOC?
Seriously.

[killramos]

It’s not about size. But what you do with it.

But size helps

[suntan]

Thanks for the advice guys, yesterday I did 2 girls one HELOC.

[Tik-Tok]

All this talk of HELOC's, coke, and hookers...

Where the hell is @max_boost ?

[Twin_Cam_Turbo]

I need a Heloc so I can start a crappy car collection.

[Sugarphreak]

...

[rx7boi]

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All this talk of HELOC's, coke, and hookers...

Where the hell is @max_boost ?

I haven't seen max_boost post in a while. He's been AWOL for like a month so was wondering about that the other day.

Probably busy skewering college girls

[ercchry]

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I haven't seen max_boost post in a while. He's been AWOL for like a month so was wondering about that the other day.

Probably busy skewering college girls

I only know he is alive from his weekly Instagram updates with females in them

[suntan]

Um, where is this Instagram?