I recently took out a home equity loan ($50,000) to do some major improvements on our house, and the interest rate is only 6.65 %
It got me to wondering if I would make sense to take the $50.000 and stick it into one of the hi-yield funds FIDO offers, or perhaps some of the Financial trusts offered by Wells Fargo.
Investments like SPHIX, FSICX, WSF, or a junk bond ladder as has been discussed on another thread. I see yield figures like 10.08 8.19 7.31, etc
What do you think, and thanks .
Long time lurker, 1st time poster.
Hex