Quote:
Originally Posted by sweeps
Yup, I agree with you. More background information is needed whenever these questions are asked.
Besides the variable interest rate and market timing issues, frankly it just seems like a hassle to me -- to go through the process of applying for a HELOC, likely paying an application and processing fee, and then maintaining and closing the HELOC later -- all so I can get money in the stock market a few months early.
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FWIW, the HELOC is already open. I have decided not to do the plan as it relies on market timing, which I basically don't believe in (even though I
know the market is going to jump soon.
