Replies to post #106479 on Zeev's Turnips Patch-No Politics (ZEEV)

[brainlessone]

that means my housing short should work

[mlsoft]

techanalyst....

Back when I was a broker (pre-civil war), your sister would have qualified as what we called a "mullet indicator." All the brokers in the office kept track of a handful of customers who over the years had proven themselves incapable of making a correct decision on their investments - they always bought at market highs and sold at bottoms, bought the wrong groups, and chased every fad or story stock too late.

I suspect that most every large brokerage office still has a similar group of customers that they watch.

mlsoft

[TJ Parker]

"She refinanced the one she bought in 1989 (never refinanced it all this time) [...]"

why is that *not* a smart thing to do? refinancing isn't free and every time you do it you start the clock back at 15-, 30- however many years. plus, the interest you're paying is amortized over the life of the loan. my sister just refinanced recently (first bought in '98), and then the only way the numbers actually made sense were to go from a 30-yr to 15-yr. otherwise, its just lowering the payments, but losing everything (already paid mostly to interest) and tacking on an additional 5 years ....