(US / MD) Should I take equity out of my properties to invest in the stock market?

I currently own 3 single-family rental properties that are fully paid off with a total value of about $400K. Two have long-term tenants, the third should get rented within the next few weeks. The rest of my portfolio, both retirement and non-retirement accounts, is worth about $2.7M (as of today). I retired at 42 a few years ago, and I am living off of my assets and investment income. I am unmarried, no kids, and I rent my current residence (the cost of living in my area is fairly high compared to where my properties are).

Given the current stock market situation, I’m considering taking a HELOC and investing that money in an index fund. I know the market is down now and it may still have quite a bit to fall, but I also know that it will recover in time.

How bad an idea is this? Are there other options that I’m not considering that would help me take advantage of my current assets and the depressed market that expose me to less risk?

submitted by /u/NoMySecrets
[link] [comments]

I currently own 3 single-family rental properties that are fully paid off with a total value of about $400K. Two have long-term tenants, the third should get rented within the next few weeks. The rest of my portfolio, both retirement and non-retirement accounts, is worth about $2.7M (as of today). I retired at 42 a few years ago, and I am living off of my assets and investment income. I am unmarried, no kids, and I rent my current residence (the cost of living in my area is fairly high compared to where my properties are). Given the current stock market situation, I’m considering taking a HELOC and investing that money in an index fund. I know the market is down now and it may still have quite a bit to fall, but I also know that it will recover in time. How bad an idea is this? Are there other options that I’m not considering that would help me take advantage of my current assets and the depressed market that expose me to less risk? submitted by /u/NoMySecrets [link] [comments]

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