yes on this forum i am giving my recommendation based on my personal situation as OP didn't describe too much. while there are possibilities of making big bucks leveraging on your home, its not worth it for me with a 2 yr old. there are many success stories in the market... like zoom, tesla, bitcoin, weed, apple... but there are also many that lost a lot during crashes as recent as 10 yrs ago.bobbings wrote: ↑ That’s your risk tolerance and you seem more risk averse than others but that’s fine. Some people will borrow to fund investments in risky stocks or RE or anything that could potentially hit a home run. Imagine going all out on Tesla stocks before the surge this year.
Remember, there’s no right or wrong to how people spend their money or what they do with the money they borrow.
if i was single, no kids, sure, i'd risk more. but having a home for wife and kid is more important to me than driving a bmw. but from a financial planning perspective, I can't imagine that would be a thing to recommend using heloc for stocks.