Clear the debt, use your fromer house payments to rebuild your stocks.

"John H." wrote:

On Wed, 20 Aug 2008 15:45:17 -0500, Vic Smith
wrote:

On Wed, 20 Aug 2008 16:33:11 -0400, John H.
salmonremovebait@gmaildotcom wrote:

On Wed, 20 Aug 2008 15:28:48 -0500, Vic Smith
wrote:

On Wed, 20 Aug 2008 16:16:32 -0400, John H.
salmonremovebait@gmaildotcom wrote:

Would it be a wise move to take out a loan on your home to buy stocks?

Would it be a wise move to sell stocks to pay off a loan on your home?

A lot has to do with your personal view on risk and holding debt.
Personally I hate any debt.
Since *nobody* can accurately predict what the stocks will do, it
comes down to that.
Well, I guess that was no help at all.

--Vic

When I bought the house, I was holding a lot of debt. I'm still holding
some debt on the house.

Taxes are tricky. I'd love to knock off the rest of my house debt,
but the tax hit in cashing in a CD doesn't give advantage.
If it was less than a grand costs I'd do it anyway, just to clear the
debt. Like I said, personal view.

--Vic

I'm not talking about taking money out of savings (CDs), but about selling
stocks. I believe the interest earned on CDs is taxable in the year earned,
not when the CD matures.
--
** Good Day! **

John H