Have Your Mortgage Refinanced Then Invest In Tech Stocks
A lot of people would agree to the fact that they’re currently living in strange economic times. You might have already noticed that interest rates are said to be kept at rock bottom despite the fact that there’s quarter-point incremental rises in the last couple of years. 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. And as it turns out, we’re included in those “rhymes” right now. Why? Take a look at interest rates and tech stocks. This can be evidenced by the interest rates as well as tech stocks. Back in the 90’s, interest rates were said to be comparatively low, and you could say that tech stocks then 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 Reach 3.9Percent
The question now that average investors are probably thinking is whether it would be better for them to refinance their mortgage just so they can take advantage of possibly higher returns that other areas of the economy can provide. 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 now in 2017, seems like the initial hype regarding the huge benefits of digital technologies to change lives will finally come to fruition.
The main reason why it would be best that you should at least take into consideration going to your mortgage broker so that you can refinance is that the potential benefit with the latest digital tech is quite huge. 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 Benefits You Get When You Refinance
There are also a number of advantages that refinancing can offer besides giving you the capital you need for investment. For instance, you can actually choose refinancing deals including one that allows you to have a fixed rate mortgage for the first few years with low interest rates. Moreover, because of such low interest rates, you might find it silly to just keep all of your capital at home and does not work for you.
When talking about tech stocks, you have the reason to believe that sky’s the limit. The best thing about technology is that it’s already being felt in major companies yet it is something that is sure to ricochet across the whole industry.