User Power
Value/Post Ratio
92%
- May 25, 2019
- 72
- 66
Hi there!
Currently things are doing a-ok in my portfolio, and I hope to be reaping investment rewards kind of soon.
However end of year is nearing (taxes), and I'm kind of in line with what the likes of Michael Saylor are saying : never sell your assets, but borrow against them.
Currently I own two rentals with a mortgage on them and my own home with a relatively lowish mortgage on that as well.
I hope to have 2-4 times the cash by investments at the end of the year in comparison to the total worth of these mortgages.
Most of the people I follow concerning cryptocurrencies for example are hesitant to stake their cryptocurrencies at 3d parties like Blockfi or Nexo. Still, they make publicity for them and they say that borrowing against them is the way to go. Now I am wondering if there is a way to borrow against them without having to lend them out at these 3d party providers?
I am planning on paying off these mortgages, or paying them off partly.
Tbh I am afraid that in the event of a bank bail in or such the bank accounts wouldn't be accessible anymore and banks would want to have their mortgages paid within a week or so,... without the possibility of paying these off,...
What would you do in such circumstances, or what are you doing concerning this?
Currently things are doing a-ok in my portfolio, and I hope to be reaping investment rewards kind of soon.
However end of year is nearing (taxes), and I'm kind of in line with what the likes of Michael Saylor are saying : never sell your assets, but borrow against them.
Currently I own two rentals with a mortgage on them and my own home with a relatively lowish mortgage on that as well.
I hope to have 2-4 times the cash by investments at the end of the year in comparison to the total worth of these mortgages.
Most of the people I follow concerning cryptocurrencies for example are hesitant to stake their cryptocurrencies at 3d parties like Blockfi or Nexo. Still, they make publicity for them and they say that borrowing against them is the way to go. Now I am wondering if there is a way to borrow against them without having to lend them out at these 3d party providers?
I am planning on paying off these mortgages, or paying them off partly.
Tbh I am afraid that in the event of a bank bail in or such the bank accounts wouldn't be accessible anymore and banks would want to have their mortgages paid within a week or so,... without the possibility of paying these off,...
What would you do in such circumstances, or what are you doing concerning this?
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