Like the recent bull market? How about taking a home renovation to go with it? That apparently is what some investors have been doing with their stock gains, Fortune reports.
The recent run-up in market has led to a resurgency of the tpyoe of loan not seen since the end of the housing boom — cash out financing.
But this time, though, people aren't tapping their inflated house for money. These days stock portfolios appear to be the well of choice.
"No one wants to be out of the market for 90 days," says Mark Brown, a financial planner for Brown Tedstron in Denver. "People just don't want to sell right now."