Invest In Tech Stocks By Refinancing Your Mortgage
A lot of people would agree to the fact that they’re currently living in strange economic times. The interest rates are also maintained at rock bottom even if the quarter-point incremental rises for the recent years. On the other hand, there are sectors of the economy that are said to be booming nowadays – that is, the tech industry.
As the saying goes, history repeats itself, but more other people would say that it actually rhymes. And as it turns out, we’re included in those “rhymes” right now. Why? Take a look at interest rates and tech stocks. This can be proven by looking at interest rates as well as the tech stocks. Back in the 90’s, interest rates were said to be comparatively low, and you could say that tech stocks then were booming. If you’ve been paying attention, the same event is happening right now, although there’s no certainty that we’re also headed for another bubble.
Mortgage Interest Rates Never Goes Above 3.9 Percent
The question now that average investors are probably thinking is whether it would be better for them to refinance their mortgage just so they can take advantage of possibly higher returns that other areas of the economy can provide. Many people would say that the tech boom which happened in the late 90’s was a false start. But now in 2017, seems like the initial hype regarding the huge benefits of digital technologies to change lives will finally come to fruition.
The reason why you really need to at least consider contacting your mortgage broker and tell him that you’re going to refinance so that you can invest on tech stocks is that you might miss out the huge potential upside that the latest wave of digital tech has in store for you. If someday engineers around the world are able to create the best of artificial intelligence, then you should expect that companies that harness such technology will surely see to it that they would make exponential returns. They won’t settle for just human strength and capabilities to innovate: they’ll actually make use of the machines that can think a million times faster not to mention that these machines do not sleep at all.
There’s much more advantages that you can actually enjoy with refinancing aside from the mere fact that it provides for your investment. For instance, there are quite a lot of refinancing deals out there that you could choose which offers you the option to go for a fixed rate mortgage with reasonably low interest rates for the first few years. Moreover, because of such low interest rates, you might find it silly to just keep all of your capital at home and does not work for you.
Predictions in Tech Stock
When talking about tech stocks, you have the reason to believe that sky’s the limit. You should know for a fact that the upside of technology is that it’s already being utilized by major companies, and yet it’s still something that will be on the rise for the entire industry in the future.
Reference: official site