Ask HTM - Hot Stock Tips, Funding a Down Payment via HELOC, & Making the Most of a Home Repair #889
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 7 October 2024
⏱️ 51 minutes
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Summary
Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask . Regardless of how random or bizarre you might think it is, we want to hear it!
1 - What are the tax implications as I start to invest funds for my newborn nephew?
2 - Is it too risky to use a HELOC for an investment property down payment?
3 - How can I rebalance my portfolio away from stocks in the most tax-efficient way possible?
4 - Who should I follow for the best stock tips?
5 - Does it make sense to use a credit card for some expensive home repairs I have coming up?
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Transcript
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| 0:00.0 | Welcome to How to Money, I'm Joel. |
| 0:02.0 | I'm Matt. |
| 0:03.0 | And today we're answering your listener questions. This Rachel, it's. It's right Joel. |
| 0:25.0 | Monday. Let's step away from the craziness in the world and are you ready to |
| 0:28.8 | answer some listener questions today? |
| 0:30.8 | Never been readier. |
| 0:31.6 | Yeah, well let's do it man. Let's get to listener questions |
| 0:34.5 | where we get to hear directly from you. A listener is wanting to know who he |
| 0:38.7 | should take stock investing tips from. He wants to know what ticker symbols should I be buying in order to |
| 0:44.0 | maximize my return. Who's the smartest person in the room who's going to point me to the |
| 0:47.0 | right stocks for the future? Exactly. So we'll get to that one. Another listener is |
| 0:51.0 | asking about utilizing a he-lock in order to fund a down payment, |
| 0:56.0 | whether or not we are in agreement there, |
| 0:58.0 | and then a credit card rewards optimization question. |
| 1:01.0 | We've got a listener who's looking to make the most of some expenses that she has coming up. So we'll get to that plus more during today's ask how to money. |
| 1:08.6 | And you and I we've talked about Helocks and how people are sitting on record amounts of home equity. |
| 1:13.8 | It's really tempting. |
| 1:14.7 | And we've also said like, oh, you probably most of the time don't want to tap it. |
| 1:18.0 | But this question, there might be an exception and this might be a good use of it. |
| 1:21.3 | I don't know. |
| 1:22.3 | We'll talk about that. |
| 1:22.5 | In just a second, before we get to that, Matt, |
... |
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