I’m thinking about opening a HELOC on my home. I qualify for a 5.75% rate. I have my own business so I’d be able to write off the interest. This would save me about 1/3 making the net interest rate 3.83%, correct ?
Now, I want to use it towards bonds that are paying 5.3+%. This would make sense correct ?
If I borrowed $100K, what would be the math on that after a year ?
What would a safe amount split between bonds and DCA into a S&P fund weekly ?
TIA!
Submitted September 22, 2023 at 04:18AM by Due_Elephant_3666 https://ift.tt/hLEv69u
