Dead Equity: Put it on Black
Wednesday, November 07, 2007
A frequent reader to my blog (obviously a devout christian) sent me this link to an article about investing your home's equity.
"Too many people simply look at their home as a place to live," says Sheila Delutri of Merrill Lynch Financial Advisors. What follows is a suggestion that homeowners actually withdraw the built-up equity from their homes and invest the proceeds in the stock market. "Or, in other words, 'play the stock market with your house on the line'. By the way, who are these idiots who see their house as a 'place to live'?
Cmon' start pimpin' that sucker!
Should You Invest Your Home's Equity?
After reading the article I came up with some ideas for dealing with burdensome equity:
1. Pull out $50,000 and put it on black at the roulette table.
2. Max out equity and invest in telemarketing scheme.
3. Stop making house payments and buy Beanie Babies.
Sounds like pretty good advice.
posted by author @ 7:53 PM,
3 Comments:
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At 9:15 PM,
Steve said...
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SteveoReno.com here. Reno's worst real estate investor here.
Let it ride on black I say! It would be an amazing risk to take in the stock market. No, keep the equity on second thought!
I think investments depend on the person. I have recently purchased a real estate investment, and I am now thinking that the real estate game is a little too slow for me. I would have rather taken a higher risk and invested in a business I've been thinking of.
To each his own. -
At 9:31 PM,
Erik said...
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Ride on black? You idiot! Red is the way to go! Put it all on red!
:-) -
At 2:06 PM,
ncarey said...
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Gosh, you forgot lottery tickets
"Too many people simply look at their home as a place to live,"
If you follow her advice, you won't have to thnik about that you'll be living in a cardboard box.
Ned Carey
http://baltimorerealestateinvestingblog.com/
