My financial advisor wants me to get a $100,000 home equity loan and he will invest it. Good idea?

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My financial advisor wants me to get a $100,000 home equity loan and he will invest it. Good idea?

of course he does, because he will get a huge commission. do not borrow money to invest. the only person who gains is your financial advisor who has his best interest not yours. do not put yor home at rist. his advice is horrible and will only hurt you and profit him. home equity loans are running about 9%. can yo guarantee you will earn more than that to get ahead? is your home worth the risk? look at the news with the subprime problem...do not put your home unnecessarily at risk

My financial advisor wants me to get a $100,000 home equity loan and he will invest it. Good idea?

This is not illegal, despite several of the answers to the contrary, but it adds a lot of risk and cost to any strategy.

I do it, but I have been managing investments for over 30 years and I monitor my portfolio constantly. Unless you are a professional or this is a very special opportunity, don't do it.

The part about "he will invest it" is the killer for me.

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My financial advisor wants me to get a $100,000 home equity loan and he will invest it. Good idea?

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