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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75653  
Subject: Re: Refinance Home to Invest Date: 10/28/2011 1:40 PM
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I'm going to buck the trend and say this is an incredibly BAD idea - unless you have been investing for the last decade or so and have proven that you know what you're doing in investing.

Despite all of the advice and information available on the internet, when you start out investing, you're going to make mistakes and lose money. It is better to make those mistakes with the relatively small amounts you have available when you start out by investing what you can save from your wages on a monthly basis.

How would you feel if you pulled $100k of equity out of your house and started investing, only to find that in 6 months the investment account was down to $50k? How about $35k?

There's no need to be in a rush. There are always opportunities to make money investing - in both good times and in bad. You just have to learn what works for you and what lets you sleep at night.

--Peter
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