If I believe we’re nearing market highs, convince me why taking a 401K loan for home improvement opportunities is a bad idea. Assume that I am not currently at-risk for layoff, and the improvement opportunities are on the higher end in terms of ROI (adding bathroom, etc.)

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Do you believe that the stock market will grow over time? You must, because you have your 401k invested into it.

If it inevitably grows over time, then why is a "market high" something worth noting? Something that grows consistently over time will necessarily have to grow pass its previous highs. That's why being anxious about stocks being "at market highs" is nonsensical. It's supposed to constantly test and surpass previous market highs. If not, there is no point in investing in the stock market.

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Because your inherently trying to time the market. Which is a bad idea. Truthfully, you have no idea what the market is going to do.

ROI on home improvements are low unless you are putting in sweat equity or the conditions are really bad. Save up and view it as an expense not an investment.

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