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go iggy · 04-27-2006, 12:55 AM

I'm doing the M1 thing and it's a new way to think about investing. We've grown up to think that we are to have a mortgage and once we pay that off in 25- 30 years then thats when we'll be rich and be able to do the things in life that we want.

But it's not like that anymore. It took me a year to really think about this and finally I did.A lot of banks have simalar offers but I think that Manulife bank is the only one that does it all. I don't work there or anything like that. I just signed up this week and feel good about doing it. Go to there web site www.manulifebank.com and click on the M1 calculator and see for yourselves. I can pay my house off in 8 years instead of 25 because the money that gets deposited into the account reduces your intrest thus saving you money( I will save $117,000 in interest). I could talk forever but just try the calculator.

As for the borrowing to invest? I took out $50,000 loan today to invest. The intrest you pay is tax deductable too. Better for me to make money then the banks.

thanks
sorry for the long post.

04-27-2006, 12:55 AM	#48
go iggy Backup Goalie Join Date: May 2005 Exp:	I'm doing the M1 thing and it's a new way to think about investing. We've grown up to think that we are to have a mortgage and once we pay that off in 25- 30 years then thats when we'll be rich and be able to do the things in life that we want. But it's not like that anymore. It took me a year to really think about this and finally I did.A lot of banks have simalar offers but I think that Manulife bank is the only one that does it all. I don't work there or anything like that. I just signed up this week and feel good about doing it. Go to there web site www.manulifebank.com and click on the M1 calculator and see for yourselves. I can pay my house off in 8 years instead of 25 because the money that gets deposited into the account reduces your intrest thus saving you money( I will save $117,000 in interest). I could talk forever but just try the calculator. As for the borrowing to invest? I took out $50,000 loan today to invest. The intrest you pay is tax deductable too. Better for me to make money then the banks. thanks sorry for the long post.