Firedafter30
Dryer sheet wannabe
My bank mailed me a promo rate deal on my home equity loan today. The normal variable rate is 4.7%, and the promo rate is 0.490% through my January statement cycle.
Would you ignore, or take the money and invest for the difference?
I have been investing in floating rate bonds (FLRN and FLOT) that pay about 2.6% - and they seem pretty safe - not affected by by higher rates. Another option for me in NJ in VNJTX - the NJ muni bond fund that pays about 3.6% and tax free.
Thoughts? I can take up to 200k.
Would you ignore, or take the money and invest for the difference?
I have been investing in floating rate bonds (FLRN and FLOT) that pay about 2.6% - and they seem pretty safe - not affected by by higher rates. Another option for me in NJ in VNJTX - the NJ muni bond fund that pays about 3.6% and tax free.
Thoughts? I can take up to 200k.