• 4 Posts
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Joined 1 year ago
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Cake day: June 13th, 2023

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  • Its advantage, strictly speaking, is that it is not correlated very much with stocks, bonds, real estate and other things people owe.

    Not that the bot made a mistake, but this is wrong…

    Gold drops like a rock when markets take a shit. It usually bounces back quickly – often before stocks recover, giving you a chance to buy cheap on the dip, and sell at a profit three months later, and pick up some of the stocks that haven’t recovered yet… But it VERY MUCH moves in sync with the market during times of crisis.






  • A HELoC doesn’t have strict repayment terms, and usually has a capped borrowing limit. My original mortgage was $200k. I paid it down to $100k over 10 years. I switched to a HELoC (the rate was about the same) and ended up with a $100k line of credit. I paid it down some more, and then received an inheritance, wiping out the balance completely. I lived mortgage free for a few months, then borrowed to invest in my non-registered savings, writing off the interest expense.