Yes the overall stock market is down around 40% so if you recently got into a Smith Manoevre then you may not be happy that your line of credit is higher then your portfolio. That is of course understandable BUT remember that when you started down this path it was a long term investment strategy. Leveraging is a risky venture no question about it, but it will still prevail as a good strategy long term, history proves us that. WHATEVER you do don’t jump out now.
Do you still Love your Tax Deductible Mortgage Strategy?
October 19, 2008 | 11 : 51 AM
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