Bill Gross (PIMCO CIO) was on CNBC this morning and suggested that 30 year rates in the 4's were in our future. Right now you can get mid to low 5's
At 37, I'm running about a 35% loan to value on my house right now. I sold off some high flying equities last fall and paid down my mortgage a bit. I'm trying to get the balls to refi and pull some equity back out and do a Dogs of the Dow with the extra money.
Top 10 yielding stocks are returning a 6.2% dividends right now...
http://www.dogsofthedow.com/doggish.htm
I understand the downside risk to equity and dividend cuts, but this is not 'short term money'. Corporate paper is also giving some strong returns.
As a 'little guy', I don't know that I will often see money this cheap in my lifetime. Having been very conservative over the years, I don't see any other way as a taxpayer to take my share of the bailout pie.
Anyone considering something similar? Nuts?