Have Your Mortgage Refinanced Then Invest In Tech Stocks
You could say that the economic times these days are unpredictable. You may have witnessed the quarter-point incremental rises over the last couple of years yet interest rates remain at rock bottom. However, there are also those sectors of the economy that are seen to be quite booming such as the tech industry.
As what people say, history repeats itself, but others would rather say it rhymes. And you might not believe it but we’re actually considered to be one of those “rhymes” that they say. Why? Take a look at interest rates and tech stocks. You can clearly say it is so because of the interest rates and tech stocks. The interest rates back the late 90’s were comparatively low but what’s booming before were the tech stocks. 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. A lot of people that the tech boom that happened in the 90s and the beginning of 2000s was actually more like false start. But this year, there’s much more hope that the power of digital technologies will certainly be changing lives.
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.
The Major Benefits of Refinancing
There are also a number of advantages that refinancing can offer besides giving you the capital you need for investment. For instance, you can actually choose refinancing deals including one that allows you to have a fixed rate mortgage for the first few years with low interest rates. 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.
The Predictions Involving Tech Stock
When talking about tech stocks, you have the reason to believe that sky’s the limit. The best thing about technology is that it’s already being felt in major companies yet it is something that is sure to ricochet across the whole industry.
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