I'm thinking about digging deep to accumulate more shares since I'm about tapped out of cash. I'm wondering if there's established rules of thumb for what sources to dip into first. My options are:
1. Margin at my broker. (Schwab, and I've already asked them to match Fidelity)
2. Refinance a rental home. Lots of equity and can probably get a rate 2% lower than what I'm paying now.
3. Sell the rental house. I'd like to keep it (emotional attachment) but I'm highly confident TSLA is a substantially better investment.
4. Home Equity Line of Credit.
5. Other?
My price target for undoing debt is about 1400 and I think I'm reasonably conservative in thinking we will get there within 3 years.
All wisdom and perspective appreciated.
1. Margin at my broker. (Schwab, and I've already asked them to match Fidelity)
2. Refinance a rental home. Lots of equity and can probably get a rate 2% lower than what I'm paying now.
3. Sell the rental house. I'd like to keep it (emotional attachment) but I'm highly confident TSLA is a substantially better investment.
4. Home Equity Line of Credit.
5. Other?
My price target for undoing debt is about 1400 and I think I'm reasonably conservative in thinking we will get there within 3 years.
All wisdom and perspective appreciated.