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Message: Re: To scared to take profit.house reno"s
1
Jun 24, 2008 10:51AM
2
Jun 25, 2008 05:28AM

Jeff...if you believe in Sans destiny, then take out a line of credit against this newly remolded house,your cost to borrow will be under 3 % after your tax deductions as all interest paid is a straight deduction off your t4 slip.A piece of advice is,have a letter drawn up that these funds are for investments as the tax man may ask you to prove that the interest deducted was for a investment, ( works for me ).San will soon become margin able and you might want to purchase more shares as you can gain 33% this way also, remember a Chicken is only a Bird.Trapa7 with out prejudice

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