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Politics : MITT ROMNEY
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To: Neeka who wrote (539)2/1/2008 1:06:44 PM
From: Peter Dierks  Read Replies (2) of 5586
 
"pay down as much of your debt as possible."

The idea is to hold as much debt as possible at low interest rates when they go up. Whatever you do don't loan anyone anything when the risk of future higher rates rears its head.

If you hold debt at 2% and invest it at 3% on secured assets you come out ahead. The true measure is how many investments like that can you afford?

Don't get me wrong, I am not likely to borrow deeply at any rate.
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