I agree that the current surge in investments won't last forever and they probably won't last a year. He would need to monitor his investments closely. Of course things are not going the way many Biden voters thought they would. Like normal, the Dem's used lies to get votes from certain groups of people and now those same people are getting stabbed in the back.

Simple economics. Use money to make more money. Borrow money at 3% and invest it WISELY and make 6-15%. I'm not saying he should borrow 80% of his home value and risk it on common stocks, but I'd be comfortable at 30-50% with diversified mutual fund investments.
I'm VERY close to retirement and have a low interest rate mortgage. It certainly would not make sense for me to withdraw my retirement account $$, that has earned and average of 10% over its life, to pay off a 3.25% mortgage.

That makes a certain amount of sense. Mark Cuban has been a vocal critic of Robinhood and his son is making trades in the WallStreetBets group at the age of 11--kid has a pretty good mentor eh?

Why can't you do a Backdoor Roth? That's what we do, every December.

Griff,
I guess I'm just old school, and I'm following my Dad's advice, "When you hit 60 years old boy, you don't want to have any payments on anything". And I don't think the market is an equal playing field at all now, after the "Game stop" screw job....

easy to make millions when you can ask daddy for it to start w/.

Blue horseshoe loves GameStop.

lol.

greed is good.

I guess I probably do have a different perspective than many people who are retired or may be retiring soon.
I have a defined benefit pension and will have a constant monthly income that will cover all of my living expenses.
IMO, the market has never really been a level playing field for the little guy, but there is still $$ to be made.

My grandfather was a pretty good stock market investor and my parents were into real estate so they made sure I had a good fiscal education. They taught me to fish--and I've never gone hungry.

There is an interesting thought going around one of my financial forums:
If a bunch of well organized bit players can cause this much disruption in the market utilizing small brokerage houses just imagine what a group of well funded people with big brokerage backing could do? If the Vanguard folks teamed with the Fidelity bunch there could be about 300,000 million dollar plus accounts with nearly 15 trillion in backing that could be put into play.

Wonder how long before the SEC steps in?