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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (108880)	6/28/2010 2:12:06 PM
From: prometheus1976	2 Recommendations Read Replies (1) \| Respond to of 110194

Thank you for the kind remark... The rich people i know own their home free and clear and don't speculate with it.If you take funds that could be used to pay off your house then you are just a speculator. Having no mortgage on your house puts you in an elite group,gives you a guaranteed return (the mortgage interest rate),and frees up your past mortgage payment to be used for investment.. Many a poor boy rues the day he could have a paid-for home and didn't take that opportunity.. My advice,which i took myself is "Pay off your house.You can always re-mortgage it if you have to."..but once it's paid off you will realize that you will eat dirt before you borrow against it.. All just my thoughts ,and my regards,P1976 ps..with the Canadian bond fund you still have several counter-parties,and now you've added a currency risk..pay off the damn house and THEN speculate..