Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 43.75

+0.6%

Dec 3 3:59 PM EST

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To: Stonehenge who wrote (13537)	11/23/1997 10:14:00 AM
From: margaret tasset	Read Replies (1) of 27012

Good morning Stonehenge, You are welcome and I think that you hit it on the target as to what the bottom line is in making your decision. The thing that I think is probably very important to consider is the amount of money that you already have in equity of your home. That was really the deciding factor for me, as I did not want to risk that money in case of uncontrollable circumstances that could happen to cause a foreclosure. Another thing that you might also realize is that whatever you decide, you can always change at some later time. I have lately been considering getting a home equity loan for 5.9% interest and investing in the market, but I keep telling myself how wonderful it is not to have a mortgage payment every month. Also, with the money that you save on your motgage, you can put back in the market, maybe dollar cost average, especially with the volatility of late. When the market does go down very much like it has done some lately, I feel like I have some diversification by having money in equity. Also at some point in the future you can use that equity for a reverse mortgage, which at that time, would be like an annuity. Most people are going to tell you, like my investment counselor, that it is not a very good investment. I think a lot depends on your own personality, risk tolerance and feelings of security as well as your personal feelings toward your home. I know that it is a hard decision for you as it was for me. Good luck to you with whatever you decide to do. Have a good day. Go INTEL Margaret

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