[RC_ITR]

Exactly, no one you know does that because it’s actually sort of bad advice derived from how extremely rich people allocate capital.

Normal people generally have to hold a certain amount of cash anyway since they do not have access to collateral-backed revolving lines of credit and because they can’t afford to lose money that they know they will need to send in the future.

Unsurprisingly all the BNPL maximalists do not live under those constraints.

[rchaud]

Not just the extremely rich. That's why HELOC exists. So people can take a loan out on the value of their home. I wouldn't want to do this just to have some extra cash to invest, but some do use this to say, pay for college tuition, assuming the HELOC rate is lower than the college loan rate.