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Cash out refinance to dollar cost average the S&P 500 during next recession?

I am currently in the process of buying my first rental property and should close the deal within the next two months. I don't have the most solid grasp on economics (how a recession would impact interest rates), and exactly how refinancing works and the different types of refinances, would that be a bad strategy? I wouldn't try to time the market bottoming out, hence the dollar cost averaging, and would sell out my positions once the market was back in the green. I haven't been able to find anything about this idea online except for in this forum: http://www.city-data.com/forum/investing/771714-cash-out-refi-invest-stock-market.html

where this guys financial advisor suggested he do just this but his accountant thought it was too risky. The comments call his financial advisor incompetent but this was in 2009 and had he done that would've made easily doubled/tripled up his money. Thoughts?

submitted by /u/skytrash69
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source https://www.reddit.com/r/RealEstate/comments/dbb6qa/cash_out_refinance_to_dollar_cost_average_the_sp/
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