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. Well, it seems that we’re actually among those “rhymes” today. Why? Take a look at interest rates and tech stocks. This can be evidenced by the interest rates as well as tech stocks. The interest rates back the late 90’s were comparatively low but what’s booming before were the tech stocks. 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 Reach 3.9Percent
Average investors tend to question whether or not they must do some refinancing on their mortgage in order to take advantage of the higher returns in the economy. 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 engineers are able to crack the code of artificial intelligence, then there’s absolutely no doubt that companies around the world that has the technology will make exponential returns. They will no longer have to settle to just the human mind and strength to innovate: they can actually take full advantage with the machines they got which could think a lot faster compared to humans and they don’t even have to sleep.
The Major Benefits of Refinancing
There’s much more advantages that you can actually enjoy with refinancing aside from the mere fact that it provides for your 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.
The Predictions Involving Tech Stock
It is safe to say that sky’s the limit when it comes to tech stocks. Another huge advantage that technology has to offer is that major companies are now seeing their true value and sooner or later this will ricochet across the entire industry.