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. While on the other hand, there are some economic sectors that are said to be booming – the tech industry for instance.
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. Before the year 2000, interest rates were really low while tech stocks were booming. The same is happening again these days, although nobody can be certain that we’re going straight for another bubble as well.
Mortgage Interest Rates Do Not Exceed 3.9 Percent
Every average investors must be thinking right now whether they are better of refinancing their mortgage in order to benefit some higher returns in another area of the economy. A lot of people would like to think that the tech boom in the 90s was a 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 Benefits You Get When You Refinance
There are also a lot of other advantages that refinancing off you aside from providing you capital for investment. For instance, most refinancing deals lets you choose a fixed rate mortgage with a really low rate of interest for the first five years. What’s more is that because of the low interest rates that it offers, you’ll find it unreasonable to just keep your capital safe at home and not let it work for you.
When it comes to tech stocks, the sky is really 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.