I’ve got a small portfolio of shares that was purchased in the 2020 pullback through a mortgage redraw.
We owe $80k on this loan but we could close it out and pocket $40k.
If we were talking about say a 60/40 stocks/bond portfolio then you could rebalance by selling one and buying the other, but is there a similar approach when talking about leverage?
Would paying down the mortgage with our current gains be equivalent to this? Is there a term I could search for? Or is it just “deleveraging”?
Tia!
Submitted January 22, 2022 at 04:00AM by OzTm https://ift.tt/33Hhjkn
