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Is it a good idea to get a loan from the equity of your house to invest in mutual funds? |
Is it a good idea to get a loan from the equity of your house to invest in mutual funds? I wouldn't do it. You are risking the equity that you have built in your house. Also, you would need to generate a high rate of return just to pay for the interest on that loan. High Return = High Risk! If you think that a mutual fund will rise a greater percentage than the value of your home, then yes, of course. But, I don't know your personal financial picture, so its not that easy. If you can make 3% more than the interest rate. I wonder if you have more than one house and also if you make enough money to pay for the loan in case you lose money with your mutual funds investments? Perhaps we should discuss your case privately. Drop me a line. No. It is a bad idea!!! |
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Most of them invest in bank deposits and those invest in mutual funds invest over 50% of their cash surplus in these funds ...Well if you have a CTF, then the government will put money in it again when they are 7, plus you would have already had your 拢250 from when they were born (or slightly more depending what year) so ... There's no standard. Vanguard requires $3000 for most of their funds. T Rowe Price $2500. Oberweis $1000. Other funds require 10K or even 25. If you buy ETFs, however, there's no minimum.... Yes it safe and good too. SIP is a good form of investments in mutual fund, it gives us the benefit of Rupees cost average over long period of time. You have invested in ELSS( Equity linked saving ... It's closed to new investors. It's totally open to you and things should remain the same for you. ...Well the guy recommending UAUA is crazy, and the guy offering his services is a hustler. Buy a no load index fund like VFINX, FCNTX, SPY, QQQQ Chance is very good that you will do well over this... If you are currently working, you can open up a Roth IRA for Minors. This will allow you to begin investing with few penalties. ...Don't buy mutual funds. There are too many fees involved. The cost of running the fund, paying the managers and employees all cut into your earnings. As a result, they pay advisers to recommen... |
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