This Would Be Disastrous Today - Dividends Pay for My House
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This Would Be Disastrous Today - Dividends Pay for My House . I came to the realization that I had too much money wrapped up in the house doing nothing. I decided to put some of it to work in the stock market utilizing a low interest fixed rate mortgage. Watch my journey as I share what I am investing in with the hopes that it will pay my monthly mortgage payment. Hopefully, at the end of the 30 year mortgage, my stock portfolio will be HUGE!!! Will I succeed or fail? This is Part 15 of the series.
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Пікірлер: 15
You are very good. Sharing info that is very important. 😊
@Challenged1
9 ай бұрын
Thanks for the comment
Thanks for sharing your experience, very good luck to you. I would do it too if i were in your situation. I admire you. 😊❤
@Challenged1
5 ай бұрын
Thank you for the comment
Not a bad plan, with the extra money left over to reinvest, you are compounding your future income stream. The big money is always made during market panics. To this day I still kick myself for not loading up on Ford stock @ $1.25 a share during 2008/09. I know of a case where a person cashed in $155,000 CD to do just that he bought between $1.25 & $2.50 a share, & it's been a life changing event.
Smart move but I wonder why you don’t sell the stocks and bust-bills (bonds)? At 4-5% on a 30 day treasury it would far outpace any added tax liabilities. Just my opinion but I really like how you think👍👍
@Challenged1
3 ай бұрын
It wouldn't cover the mortgage payment
@israelshelton230
3 ай бұрын
@@Challenged1 Maybe I’m not understanding. Wouldn’t 200k on a 30 day US Treasury which is currently 5.37% pay roughly 10k a month?
@Challenged1
3 ай бұрын
@@israelshelton230 No, not per month.
If you took the loan on an investment property, the interest would be tax deductible as well.
@Challenged1
9 ай бұрын
That is true
I was scrolling through my KZread feed and a saw video about cockroachs posted and my brain went hey I have not seen a video from Garrett recently so I looked up your channel and found this video you recently posted. I'm curious if you are still using groundfloor as investment tool?
@Challenged1
9 ай бұрын
Thanks for the post. Nope, I cleared out of Groundfloor. I no longer have confidence in it after reading their balance sheet.
Smart man. Pretty ballsy. Are you married? My wife would freak out.
@Challenged1
9 ай бұрын
Yes I am. I admit, my wife is very trusting