Comments on: The Smith Manoeuvre http://www.canajunfinances.com/2007/01/26/the-smith-manoeuvre-3/ Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View Fri, 19 Mar 2010 18:56:53 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Online Mortgage Broker http://www.canajunfinances.com/2007/01/26/the-smith-manoeuvre-3/comment-page-1/#comment-669 Online Mortgage Broker Mon, 20 Aug 2007 21:24:00 +0000 http://www.canajunfinances.com/?p=443#comment-669 Hi C8j,<br/><br/>Just stumbled upon this post. I definitely agree that this strategy involves some degree of risk (in the short-to-medium term at least). We get a lot of inquiries about Smith Manoeuvre compatible mortgages and always suggest people first talk to a competent financial advisor about ALL their options. <br/><br/>If you do plan to implement this strategy you better have a darn good investment approach (or an exceedingly good financial planner). Ask your planner to run some numbers though. Have him compare these three approaches:<br/><br/>1. Implementing the Smith Manoeuvre<br/>2. Simply paying down your mortgage as fast as you can<br/>3. Investing your free cash in your RRSP (and using any tax refunds to pay down your mortgage)<br/><br/>Make sure you understand your advisor's assumptions and then pick the approach you feel has the best risk/reward for your circumstances.<br/><br/>Have a wonderful day,<br/>Melanie :) Hi C8j,

Just stumbled upon this post. I definitely agree that this strategy involves some degree of risk (in the short-to-medium term at least). We get a lot of inquiries about Smith Manoeuvre compatible mortgages and always suggest people first talk to a competent financial advisor about ALL their options.

If you do plan to implement this strategy you better have a darn good investment approach (or an exceedingly good financial planner). Ask your planner to run some numbers though. Have him compare these three approaches:

1. Implementing the Smith Manoeuvre
2. Simply paying down your mortgage as fast as you can
3. Investing your free cash in your RRSP (and using any tax refunds to pay down your mortgage)

Make sure you understand your advisor’s assumptions and then pick the approach you feel has the best risk/reward for your circumstances.

Have a wonderful day,
Melanie :)

]]> By: Big Cajun Man http://www.canajunfinances.com/2007/01/26/the-smith-manoeuvre-3/comment-page-1/#comment-417 Big Cajun Man Sat, 27 Jan 2007 02:54:00 +0000 http://www.canajunfinances.com/?p=443#comment-417 I am not interested in this strategy, this amount of <b>risk</b> I think is fool hardy, and asking for trouble. I think a solid debt reduction plan works just as well, if not better than this and carries much less risk. C8j I am not interested in this strategy, this amount of risk I think is fool hardy, and asking for trouble. I think a solid debt reduction plan works just as well, if not better than this and carries much less risk.

C8j

]]> By: MillionDollarJourney.com http://www.canajunfinances.com/2007/01/26/the-smith-manoeuvre-3/comment-page-1/#comment-416 MillionDollarJourney.com Sat, 27 Jan 2007 02:36:00 +0000 http://www.canajunfinances.com/?p=443#comment-416 Hey BCM, If you're interested in the Smith Manoeuvre, check out a couple of articles that I wrote <a href="http://www.milliondollarjourney.com/the-smith-manoeuvre-a-wealth-strategy-part-1.htm">here.</a> All the best! FT Hey BCM,

If you’re interested in the Smith Manoeuvre, check out a couple of articles that I wrote here.

All the best!
FT

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