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I am on H1b visa and a house owner. I have about 700k mortgage left. Thanks to Roku's stock growth last year, I can liquidate my vested stocks and free up the house right away. Does it make sense to pay off the house now and live peacefully or invest somewhere ? The only thing that worries me being on H1b visa. Not sure if I should put all my earnings into one bucket.
Math includes taxes on selling the stock?
700k after sell. Have about 1.2M vested.
First. Liquidate your Roku stocks and diversify. Second. You probably don't want to sell them all together, taxes will be a ton. Third. If you've 500k-1M in NW excluding house and Roku stocks, sure pay off the house. Live peacefully. If not, start liquidating Roku and do a 75-25 split between paying debt and saving/investing? Atleast this is what I'd do.
Don't put all your eggs in one basket - be it a single stock like roku or a single "investment" like your home. Also, your home of residence is not an investment vehicle for FIRE. I would reinvest and pay extra principal from the dividend / stock income and payoff the loan in say 10years. If your Visa situation takes a turn for the worse then you can cut and run more easily. Or decide to payoff at that time.
Totally agree that one shouldn't have all eggs in a single basket. But, paying off home is not as an investment, rather, a peace of mind when shit goes down hill. It could be visa, it could be a downturn in market.
No, make long term investments in diversified ETFs and mutual funds with your savings. You said it- Don't put all your earnings in one bucket. be it your house or your company stocks.
What's the interst rate on your mortgage? If it's above 3%, refinance it to be below that. The question to ask is "will your stock appreciate more than the interest-equity growth on house"? Unless you get really lucky (though Bay Area has batshit crazy valuations right now), stocks will growth faster. That said, it's unwise to put all your eggs in one basket. I would diversify into other things that are appropriate for your age and life goals. Most notably, move money out of Roku and into a good index fund. If you feel like gambling, put some aside to angel invest or into a some other kind of private equity .
Ur holding 1.2M worth of ROKU? Thats balls of steel.
Got lucky :) Been here for 1.5 years
You did not understand what he was trying to say.
Arbitrage. I make over 7% on my savings account, which is greater than any mortgage interest rate. If you want to feel better by not having debt, sure, that's good, or you could make more money but still hold debt.
What savings account has higher rate than mortgage?
I use Blockfi, Celsius to earn interest on crypto dollars and some cryptocurrencies.
I think it's smart to pay off your mortgage right away. You will save so much money on interest by doing this. Also, you will have peace of mind which is invaluable.
What level are you at Roku and yoe? How much was your initial grant that it appreciated to 1.2m?
Probably you’re looking for how long it took for this 1.2m to best. Could be as little as one year or as many as four or five years (or much more).
Yeah do this-Invest in EB5
EB5 is 900k + 100k lawyer fees
What’s your net worth?
You can always sell the house or take a heloc later