You have to use the funds from the heloc to improve your home if you want

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Jul 22, 2021
11:01:36am

Ozymandias Intervention Needed

You have to use the funds from the heloc to improve your home if you want

to be able to take the deduction.

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Ozymandias

Previous username: imanihonjin
Bio page: Ozymandias
Joined: Oct 9, 2006
Last login: Jun 1, 2024
Total posts: 28,308 (1,294 FO)

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Messages

Author

Time

Homeowners that are savvy. Consider this.

Stev_ie

7/22/21 10:49am

I'm about to refinance. Hmm.

Ted Lasso

7/22/21 10:51am

can you dumb it down for me?

CrashMcLarson

7/22/21 10:53am

Maybe

Stev_ie

7/22/21 11:26am

Plus tax deduction on the HELOC.

monteburns

7/22/21 10:53am

You have to use the funds from the heloc to improve your home if you want

Ozymandias

7/22/21 11:01am

TNT isn't good at connecting the dots. So J&P owns JEDI?

TNT

7/22/21 10:54am

Dumb question.. are helocs only through the primary lender or can you

cougfanz

7/22/21 10:55am

Derivatives - big upside, big downside

Tricky

7/22/21 10:58am

S&P 500 Covered Call strategy.

Stev_ie

7/22/21 11:05am

No downside to selling covered calls other than you may be forced to exit your

Big Daddy D

7/22/21 11:10am

My response shows why I'll never make a fortune but never lose a fortune 🙂

Tricky

7/22/21 11:18am

Do you know if they’re doing anything like buying puts to hedge the downside

Big Daddy D

7/22/21 11:02am

Idk. 30% less of 7-8% short-term isn't an issue for me.

Stev_ie

7/22/21 11:10am

I’m not understanding your math.

Big Daddy D

7/22/21 11:18am

S&P 500 Covered Call Strategy.

Stev_ie

7/22/21 11:32am

But you’re under emphasizing what capital loss means.

Big Daddy D

7/22/21 11:57am

It is important to be careful and know your risks. 100%

Stev_ie

7/25/21 9:08pm

Just for fun explain this like you are explaining it to a 10 yr old…

kotacoug

7/22/21 11:06am

Homeowners who are savvy should never

BlackHawkCoug

7/22/21 11:18am

So the S&P 500 index is down over the last 20 years? Just saying. 🙂

Stev_ie

7/22/21 11:38am

The last twenty years began after 49% drop in the SP500 that took 56 months

Big Daddy D

7/22/21 12:19pm

The worst case scenario I guess.

Stev_ie

7/25/21 9:01pm

Correct. BM me If you want real life examples of people who lost everything by

Pick-Six Coug

7/22/21 12:57pm

Post them in gen pop. I’m interested in hearing them. Would be interesting to

kotacoug

7/22/21 1:32pm

Losing everything in a s&p 500 index fund has not happened.

Stev_ie

7/25/21 8:36pm

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