With the home paid off and the HELOC just collecting dust. I'm thinking of deploying some risk capital into the game.
Now as someone who's 30. I find myself conflicted.
I COULD invest in high growth stocks which would probably return 10%+ over the next 30 years. However I will be eating the interest cost for 30 years cos they don't pay shit.
I COULD invest in dividend stocks which will yield 4-5% over the next 30 years meanwhile probably growing like ....nothing at all, 1,2% pa but on the flip side I don't pay the interest. The dividend accounts for it. Since I'm losing most of my div to interest cost, I can't DRIP and since the stocks are only growing 1-2% pa, realistically I'm only getting 2-4% extra meanwhile risking everything including the house.