Financial question...
 

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?
--
** Good Day! **

John H

Financial question...
 

"John H." salmonremovebait@gmaildotcom wrote in message
...
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?
--
** Good Day! **

John H

Not enough information. Lots of variables.

Financial question...
 

"John H." salmonremovebait@gmaildotcom wrote in message
...



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

Hell no!

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

Possibly. Depends on the details of your situation.

Eisboch

Financial question...
 

On Wed, 20 Aug 2008 20:34:15 GMT, Short Wave Sportfishing
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?

No.

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

No.

You're sounding too much like McCain. A little explanation would be muchly
appreciated.

When I think of the future, the stock market, I see doom and gloom
because of rising oil demand and reduced oil supply. I see very few
businesses that aren't affected by oil costs. The market has not been
performing all that well, and I don't see anything on the horizon that may
help it. It's for damn sure the election of Obama wouldn't be a help to it.
--
** Good Day! **

John H

Financial question...
 

On Wed, 20 Aug 2008 16:34:07 -0400, "Eisboch" wrote:


"John H." salmonremovebait@gmaildotcom wrote in message
.. .



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

Hell no!

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

Possibly. Depends on the details of your situation.

Eisboch


What details would be necessary? Perhaps a better idea of the details to
consider would be of big help.


--
** Good Day! **

John H

Financial question...
 

On Aug 20, 4:42*pm, John H. salmonremovebait@gmaildotcom wrote:
On Wed, 20 Aug 2008 16:34:07 -0400, "Eisboch" wrote:

"John H." salmonremovebait@gmaildotcom wrote in message
.. .

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

Hell no!

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

Possibly. *Depends on the details of your situation.

Eisboch

What details would be necessary? Perhaps a better idea of the details to
consider would be of big help.

--
** Good Day! **

* * John H

Those are questions a 20 some year old would ask.

I find it amusing that you are asking these questions at a boating NG
to folks you do not know and are not financial advisors.

I suggest you find a good financial advisor.

Financial question...
 

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

Financial question...
 

JimH wrote:
On Aug 20, 4:42 pm, John H. salmonremovebait@gmaildotcom wrote:
On Wed, 20 Aug 2008 16:34:07 -0400, "Eisboch" wrote:

"John H." salmonremovebait@gmaildotcom wrote in message
...
Would it be a wise move to take out a loan on your home to buy stocks?
Hell no!
Would it be a wise move to sell stocks to pay off a loan on your home?
Possibly. Depends on the details of your situation.
Eisboch
What details would be necessary? Perhaps a better idea of the details to
consider would be of big help.

--
** Good Day! **

John H

Those are questions a 20 some year old would ask.

I find it amusing that you are asking these questions at a boating NG
to folks you do not know and are not financial advisors.

I suggest you find a good financial advisor.



Nah. I think Herring ought to take out a big second on his house and use
the proceeds to buy shares. I suggest buying Ford and GM, and other
corporate stocks in companies with ossified management and shrinking
markets. :)

Financial question...
 

"John H." salmonremovebait@gmaildotcom wrote in message
...
On Wed, 20 Aug 2008 16:34:07 -0400, "Eisboch" wrote:


"John H." salmonremovebait@gmaildotcom wrote in message
. ..



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

Hell no!

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

Possibly. Depends on the details of your situation.

Eisboch


What details would be necessary? Perhaps a better idea of the details to
consider would be of big help.


Other than the cursory opinion I offered, I am in no position to advise
anybody on their personal finances.

If you are serious, you should talk to a certified financial planner.

Me? I avoid them at all "costs".

Eisboch

Financial question...
 

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