Comments on: Is the Smith Manoeuvre is a Secure Way to Create Wealth? Part 1 http://www.thefinancialblogger.com/is-the-smith-manoeuvre-is-a-secured-way-to-create-wealth-part-1/ This is where your finance takes place Thu, 09 Feb 2012 14:46:06 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: The Financial Blogger http://www.thefinancialblogger.com/is-the-smith-manoeuvre-is-a-secured-way-to-create-wealth-part-1/comment-page-1/#comment-2591 The Financial Blogger Fri, 20 Jun 2008 09:18:02 +0000 http://www.thefinancialblogger.com/is-the-smith-manoeuvre-is-a-secured-way-to-create-wealth-part-1/#comment-2591 Raff; Congratulation on your progress! this is amazing! Don't be in a hurry to take your equity and invest it. Leverage strategies are not meant to be rushed ;-) I'm sure you'll be successful! Keep it up! Raff;
Congratulation on your progress! this is amazing!

Don’t be in a hurry to take your equity and invest it. Leverage strategies are not meant to be rushed ;-) I’m sure you’ll be successful!

Keep it up!

]]> By: Raff http://www.thefinancialblogger.com/is-the-smith-manoeuvre-is-a-secured-way-to-create-wealth-part-1/comment-page-1/#comment-2590 Raff Fri, 20 Jun 2008 04:51:52 +0000 http://www.thefinancialblogger.com/is-the-smith-manoeuvre-is-a-secured-way-to-create-wealth-part-1/#comment-2590 Hello Again! I'm still reading your BLOG, and I can't believe that it's been a year since the post I made above. I would like to state that as of today, I have 10% of my mortgage paid off. In a year! I certainly hope I can keep this up, as it would mean in less then 10 years, I would be mortgage free. In the past year I have done just a few things: a) doubled up my mortgage payment 3 or 4 times, I can't remember exactly. b) took my tax refund, which was almost 2 mortgage payments (due to my large ROC fund I have and the interest payments on the loan on it) and applied it to the mortgage. One thing that I have not done however, is actively invested ALL of my available equity or HELOC. I have about 3% of my total mortgage available for me to invest, I'm just waiting and trying to research where I should put it. Anyhow, thought I'd post as I read your latest article, and could relate.. then seen my old post. ha! Cheers, Raff Hello Again!

I’m still reading your BLOG, and I can’t believe that it’s been a year since the post I made above.

I would like to state that as of today, I have 10% of my mortgage paid off. In a year! I certainly hope I can keep this up, as it would mean in less then 10 years, I would be mortgage free. In the past year I have done just a few things:

a) doubled up my mortgage payment 3 or 4 times, I can’t remember exactly.
b) took my tax refund, which was almost 2 mortgage payments (due to my large ROC fund I have and the interest payments on the loan on it) and applied it to the mortgage.

One thing that I have not done however, is actively invested ALL of my available equity or HELOC. I have about 3% of my total mortgage available for me to invest, I’m just waiting and trying to research where I should put it.

Anyhow, thought I’d post as I read your latest article, and could relate.. then seen my old post. ha!

Cheers,

Raff

]]> By: The Financial Blogger | One of the Most Boring Thing in Life: Making Money on the Stock Market http://www.thefinancialblogger.com/is-the-smith-manoeuvre-is-a-secured-way-to-create-wealth-part-1/comment-page-1/#comment-2583 The Financial Blogger | One of the Most Boring Thing in Life: Making Money on the Stock Market Thu, 19 Jun 2008 10:02:20 +0000 http://www.thefinancialblogger.com/is-the-smith-manoeuvre-is-a-secured-way-to-create-wealth-part-1/#comment-2583 [...] I am trying to establish a more disciplined investing strategy. I determined my priorities for my smith manoeuvre strategy and it works pretty well so far. Now, I am trying to do the same thing for my RRSP. If most fund [...] [...] I am trying to establish a more disciplined investing strategy. I determined my priorities for my smith manoeuvre strategy and it works pretty well so far. Now, I am trying to do the same thing for my RRSP. If most fund [...]

]]> By: The Financial Blogger http://www.thefinancialblogger.com/is-the-smith-manoeuvre-is-a-secured-way-to-create-wealth-part-1/comment-page-1/#comment-117 The Financial Blogger Thu, 07 Jun 2007 22:20:53 +0000 http://www.thefinancialblogger.com/is-the-smith-manoeuvre-is-a-secured-way-to-create-wealth-part-1/#comment-117 Raff, thank you for your kind words. It is sometimes though to go against most people's beliefs, but leveraging sure pays! When you look on how people got rich, most of them leverage into their companies, properties or investment. But they leverage! Cheers, FB. Raff, thank you for your kind words.
It is sometimes though to go against most people’s beliefs, but leveraging sure pays! When you look on how people got rich, most of them leverage into their companies, properties or investment. But they leverage!
Cheers,
FB.

]]> By: Raff http://www.thefinancialblogger.com/is-the-smith-manoeuvre-is-a-secured-way-to-create-wealth-part-1/comment-page-1/#comment-114 Raff Thu, 07 Jun 2007 13:30:41 +0000 http://www.thefinancialblogger.com/is-the-smith-manoeuvre-is-a-secured-way-to-create-wealth-part-1/#comment-114 Well, just read your post and thought I would comment. First of all, I can't agree more with people being afraid of the unknown. As a 30 year old homeowner, I recently converted my mortgage to a re-advanceable SM mortgage. I couldn't be happier with the how it's turning out I try to relay how it works as I've done a LOT of research, reading, and explaining to my friends and such, but none seem to interested in it. To me, it's a "life-changing" thing. Looking forward, I will probable have my mortage converted to an investment loan in 10-15 years.. as opposed to 25 this is extremely good news to me. Yes, I realize that I'm going to have an investment loan equal to the amount of my house.. however that investment is working for me! and the interest I pay on it is tax deductible! Hell, once my mortgage is paid off, I can use the tax deductions on the interest to make lump sum payments on the loan if I wish! Anyhow, I've also another leverage loan which I won't go into discussing too much here as it's a ROC mutual fund which some folks dont' believe is a good investment or worth my time. I know what it is and what it isn't, but my future sure looks a lot brighter now that I've discovered these tools for investing. One thing I'm certain of, I love the idea of my money working for me! Thanks for the great blog, it's a joy reading it.. Raff Well, just read your post and thought I would comment. First of all, I can’t agree more with people being afraid of the unknown. As a 30 year old homeowner, I recently converted my mortgage to a re-advanceable SM mortgage. I couldn’t be happier with the how it’s turning out

I try to relay how it works as I’ve done a LOT of research, reading, and explaining to my friends and such, but none seem to interested in it. To me, it’s a “life-changing” thing. Looking forward, I will probable have my mortage converted to an investment loan in 10-15 years.. as opposed to 25 this is extremely good news to me. Yes, I realize that I’m going to have an investment loan equal to the amount of my house.. however that investment is working for me! and the interest I pay on it is tax deductible! Hell, once my mortgage is paid off, I can use the tax deductions on the interest to make lump sum payments on the loan if I wish!

Anyhow, I’ve also another leverage loan which I won’t go into discussing too much here as it’s a ROC mutual fund which some folks dont’ believe is a good investment or worth my time. I know what it is and what it isn’t, but my future sure looks a lot brighter now that I’ve discovered these tools for investing.

One thing I’m certain of, I love the idea of my money working for me!

Thanks for the great blog, it’s a joy reading it..

Raff

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