Welcome to the Investing for Beginners podcast. In today’s show, we discuss:

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The pros and cons of using a ReFi to invest in the stock market
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How mutual funds work, and what kinds of returns you can expect from them
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Looking at different industries and how Covid has impacted them, questions to think through when analyzing them.


For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com

Today’s show is sponsored by:

Jamesallen.com

Policy Genius

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Transcript

Announcer: [00:00:00] What’s the best way to get started in the market—download Andrews ebook for free@stockmarketpdf.com.

Announcer: [00:00:13] I love this podcast because it crushes your dreams of getting rich quickly. They actually got me into reading stats for anything you’re tuned in to the Investing for Beginners podcast led by Andrew Sather and Dave Ahern. Step-by-step premium investing guide for beginners. Your path to financial freedom starts now.

[00:00:00] Dave: Welcome to Investing for Beginners podcast. Tonight, we have episode 207. We are going to answer some great listener questions we got recently. So without any further ado, I will go ahead and read the first question, and we’ll go ahead and do our usual give and take.

So this great question is from Kristin. She says, hi there. I came across your show of the AirWave as I listened to another show on that network. And I’m so glad I found it. I have a tricky question and would appreciate any insight. I have owned my home in Los Angeles for five-ish years, and the value has jumped.

I owe about 470,000 on the mortgage, and it’s worth about 950,000 with mortgage interest rates so low. My current rate is 2.8%. What are your thoughts about doing a cash-out refinance and investing the cash into stocks? Thanks in advance for any guidance, Kristin. Andrew, what are your thoughts on Christine’s question?

[00:00:49] Andrew: Should we define a cashout refinance first?

[00:00:53] Dave: Sure. Why don’t you tell them what it is?

[00:00:55] Andrew: Maybe you should go since your the banker guy.

[00:00:58] Dave: Okay. I’ll do my best. I have never worked with the cashout refile, but I believe the way that they work is when you sell your home or when you do a refinance, you take out the difference from what the home is worth versus what you owe,