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This is a one-of-a-kind strategy that has been
used by hundreds of Canadians. It is the first time the unique techniques
have been published. Until now, debt conversion practices have been
too cumbersome and expensive for most people. The Smith Manoeuvre
changes that. While others recommend paying off the mortgage and Then
borrowing to invest, The Smith Manoeuvre shows you how to do both
at the same time. Sooner is better in both cases.
Will I be risking my house?
The Smith Manoeuvre actually protects your home ownership by increasing
your financial security significantly. Your debt level need not be
increased. Your mortgage is reduced while your portfolio grows. When
your mortgage is fully converted, you can expect that the value of
your portfolio will exceed the amount of the investment loan, which
you can then pay off. Or leave in place to continue to generate tax
refunds. Your choice.
You can build a safe portfolio using a good financial planner and
sound investment practices. Risk is spread out over a long period
of time, making unpredictable market conditions manageable. The higher
risk is not investing at all, or not investing soon enough, to meet
the needs of retirement and periods of insecurity. This is why an
increasing number of seniors are ending up house rich, but cash poor,
with little or no retirement income on which to live.
The large increase in the number of seniors forced to take a Reverse
Mortgage is proof of that. A mortgage loan is the wrong kind of debt.
The interest, paid for with after-tax income, over a long amortization
period, severely hampers your financial future. If your home is your
sole investment, you have put all your eggs in one basket. House values
may drop as baby-boomers retire, causing a reduction in demand. Diversifying
your investments, and investing earlier in life, is a safer course
of action. Hundreds of people have used or are currently using The
Smith Manoeuvre. If you're going to have a mortgage debt, why not
turn it into a "good debt" that generates tax refunds, just
like they did?
Go to page #3
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