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Updated over 1 year ago on . Most recent reply
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What to do with $50,000
Hey folks. I am looking for an advisor, and I have a standard question that I ask every one that I have spoken to. I have yet to get a creative answer (pay down debt, max out your retirement, etc... is the almost universal advice). I thought this might be a good place to pose the question:
I have $50,000 equity in my home on a fixed 6% HELOC. What would be the best use of that money so that I am able to develop a cash flow portfolio that I can continue to grow?
Most Popular Reply
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@Tim Watson
I am not sure there are any licensed financial advisors on BP - a lot of people who may have stayed at a holiday inn last night playing one.
Without knowing your full financial and personal picture, any advice is not worth much since no one knows anything about you
- Chris Seveney
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