Comments on: My Smith Manoeuvre – April Update http://www.thefinancialblogger.com/my-smith-manoeuvre-%e2%80%93-april-update/ This is where your finance takes place Wed, 19 Nov 2008 17:44:14 +0000 http://wordpress.org/?v=abc By: The Financial Blogger | Answer to a Reader’s question http://www.thefinancialblogger.com/my-smith-manoeuvre-%e2%80%93-april-update/#comment-2471 The Financial Blogger | Answer to a Reader’s question Thu, 22 May 2008 10:01:56 +0000 http://www.thefinancialblogger.com/my-smith-manoeuvre-%e2%80%93-april-update/#comment-2471 [...] I had a question on my latest Smith Manoeuvre Update. Since it was a good situation, I decided to write a full post about Jeff’s question. Here’s [...] [...] I had a question on my latest Smith Manoeuvre Update. Since it was a good situation, I decided to write a full post about Jeff’s question. Here’s [...]

]]> By: The Financial Blogger http://www.thefinancialblogger.com/my-smith-manoeuvre-%e2%80%93-april-update/#comment-2467 The Financial Blogger Wed, 21 May 2008 12:57:52 +0000 http://www.thefinancialblogger.com/my-smith-manoeuvre-%e2%80%93-april-update/#comment-2467 Hello Jeff, I think you have a really good question and I will write a full post about it tomorrow morning. Cheers, FB. Hello Jeff,

I think you have a really good question and I will write a full post about it tomorrow morning.

Cheers,

FB.

]]> By: Jeff http://www.thefinancialblogger.com/my-smith-manoeuvre-%e2%80%93-april-update/#comment-2465 Jeff Wed, 21 May 2008 04:56:42 +0000 http://www.thefinancialblogger.com/my-smith-manoeuvre-%e2%80%93-april-update/#comment-2465 Hi, I've read with great interest your Smith Maneuver progress, especially since I was thinking of doing it when my current mortgage comes due with an All-in-One as well. However, I'm still confused about how it works in this situation (with made up numbers). Perhaps you could explain it to me? Say a home is valued at $400K, so the bank would give an All-In-One (Ai1) up to $300K. Now, assume the property has a current mortgage of $200K. Then I could split the Ai1 into a $200K mortgage portion and an immediate $100K investment LOC. Would I then have to pay my regular mortgage payment plus the interest on my investment LOC each month? I understand that I could "capitalize the interest" but, doesn't that make some of the LOC not invested in investments, hence, not being eligible for the tax deduction? Sorry for the question if you've answered it before! Best of luck to you in your endeavours. Hi, I’ve read with great interest your Smith Maneuver progress, especially since I was thinking of doing it when my current mortgage comes due with an All-in-One as well. However, I’m still confused about how it works in this situation (with made up numbers). Perhaps you could explain it to me? Say a home is valued at $400K, so the bank would give an All-In-One (Ai1) up to $300K. Now, assume the property has a current mortgage of $200K. Then I could split the Ai1 into a $200K mortgage portion and an immediate $100K investment LOC. Would I then have to pay my regular mortgage payment plus the interest on my investment LOC each month? I understand that I could “capitalize the interest” but, doesn’t that make some of the LOC not invested in investments, hence, not being eligible for the tax deduction? Sorry for the question if you’ve answered it before! Best of luck to you in your endeavours.

]]> By: The Financial Blogger | At What Age Do You Want To Become A Millionaire? http://www.thefinancialblogger.com/my-smith-manoeuvre-%e2%80%93-april-update/#comment-2407 The Financial Blogger | At What Age Do You Want To Become A Millionaire? Tue, 13 May 2008 10:02:29 +0000 http://www.thefinancialblogger.com/my-smith-manoeuvre-%e2%80%93-april-update/#comment-2407 [...] first way to the top would be my Smith Manoeuvre account. Counting a $400 month deposit with a 7% return, I should get about 120K in investment on my 40th [...] [...] first way to the top would be my Smith Manoeuvre account. Counting a $400 month deposit with a 7% return, I should get about 120K in investment on my 40th [...]

]]> By: Money Walks - Personal Finance Blog - Save Money http://www.thefinancialblogger.com/my-smith-manoeuvre-%e2%80%93-april-update/#comment-2406 Money Walks - Personal Finance Blog - Save Money Tue, 13 May 2008 09:24:37 +0000 http://www.thefinancialblogger.com/my-smith-manoeuvre-%e2%80%93-april-update/#comment-2406 [...] Financial Blogger presents My Smith Manoeuvre - April Update In fact, it is more like gambling than [...] [...] Financial Blogger presents My Smith Manoeuvre - April Update In fact, it is more like gambling than [...]

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