Took out about 60k on my refi to do home improvement work. With labor and materials being so expensive right now, abd with the work backlog from construction companies in my area, it might be a few months or more before we do the work (new roof, central air, etc).
Should I throw some of that 60k into some stonks while I wait? I'm up about 12% on my (modest) portfolio this year. If I could grab an extra 6k on my 60, that seems like time well spent while I wait.
It also helps offset the 3.25% interest in paying on that added mortgage debt. I could even pay back some of the refi cash out early with that stonk gain.
Am I crazy?
Submitted September 15, 2021 at 08:19AM by r1ms https://ift.tt/39fEAc5
