Comments on: Debt Swap – Part 1 http://www.milliondollarjourney.com/debt-swap-part-1.htm Building Wealth through Saving and Investing Sat, 21 Nov 2009 03:00:37 -0500 http://wordpress.org/?v=abc hourly 1 By: Richard Johnson http://www.milliondollarjourney.com/debt-swap-part-1.htm/comment-page-1#comment-22040 Richard Johnson Tue, 08 Jan 2008 15:14:23 +0000 http://www.milliondollarjourney.com/debt-swap-part-1.htm#comment-22040 I'd be wary of certain debt swaps until the Supreme Court hears the Lipson appeal in April of 2008. I’d be wary of certain debt swaps until the Supreme Court hears the Lipson appeal in April of 2008.

]]> By: The Financial Blogger » My 100th Post! http://www.milliondollarjourney.com/debt-swap-part-1.htm/comment-page-1#comment-9007 The Financial Blogger » My 100th Post! Thu, 26 Jul 2007 10:06:32 +0000 http://www.milliondollarjourney.com/debt-swap-part-1.htm#comment-9007 [...] on the Smith Manoeuvre with Canadian Capitalist and Four Pillars and become a guest writer with the Debt Swap Strategy for [...]

[...] on the Smith Manoeuvre with Canadian Capitalist and Four Pillars and become a guest writer with the Debt Swap Strategy for [...]

]]> By: FrugalTrader http://www.milliondollarjourney.com/debt-swap-part-1.htm/comment-page-1#comment-6155 FrugalTrader Tue, 12 Jun 2007 22:16:34 +0000 http://www.milliondollarjourney.com/debt-swap-part-1.htm#comment-6155 Qubikal, no offense taken! I'm currently under a 5 year fixed mortgage and i'm not a big fan of paying fees to switch mortgage early. We are however going to move to another home in the near future. When we do, I will get a re-advancable mortgage to start the Smith Manoeuvre. My non-reg account is geared up and ready to be sold! :) Qubikal, no offense taken! I’m currently under a 5 year fixed mortgage and i’m not a big fan of paying fees to switch mortgage early. We are however going to move to another home in the near future. When we do, I will get a re-advancable mortgage to start the Smith Manoeuvre. My non-reg account is geared up and ready to be sold! :)

]]> By: Qubikal http://www.milliondollarjourney.com/debt-swap-part-1.htm/comment-page-1#comment-6154 Qubikal Tue, 12 Jun 2007 21:51:08 +0000 http://www.milliondollarjourney.com/debt-swap-part-1.htm#comment-6154 FT, Great tips once again. I've been following your thoughts and questions since you've been putting together your research for the Smith Maneuver back in November/December; right about the same time I discovered the SM. You mentioned that you had not started to implement the SM and am curious to know what is your reasoning behind the delay, as you seemed very gung ho about the SM idea from the start? I apologize if this offends you in any way... Thanks FT,

Great tips once again. I’ve been following your thoughts and questions since you’ve been putting together your research for the Smith Maneuver back in November/December; right about the same time I discovered the SM.

You mentioned that you had not started to implement the SM and am curious to know what is your reasoning behind the delay, as you seemed very gung ho about the SM idea from the start?

I apologize if this offends you in any way…

Thanks

]]> By: florch http://www.milliondollarjourney.com/debt-swap-part-1.htm/comment-page-1#comment-6139 florch Tue, 12 Jun 2007 17:55:33 +0000 http://www.milliondollarjourney.com/debt-swap-part-1.htm#comment-6139 If it isn't too costly the embedded capital gains after performing the switch are attractive. Financial Jungle had an excellent post about this... http://financialjungle.com/2007/06/06/investing/deferred-capital-gains-tax-is-the-best-debt-in-the-world/ If it isn’t too costly the embedded capital gains after performing the switch are attractive. Financial Jungle had an excellent post about this…
http://financialjungle.com/2007/06/06/investing/deferred-capital-gains-tax-is-the-best-debt-in-the-world/

]]> By: The Financial Blogger http://www.milliondollarjourney.com/debt-swap-part-1.htm/comment-page-1#comment-6138 The Financial Blogger Tue, 12 Jun 2007 17:32:35 +0000 http://www.milliondollarjourney.com/debt-swap-part-1.htm#comment-6138 Hi Mike, I actually mentioned the capital gains taxes on the second part of this post on my blog : http://www.thefinancialblogger.com/debt-swap-part2/ You are right, it is very important to consider how much you will pay in taxes by doing this strategy. However, as you will pay taxes on capital gains at one point, you can consider that you are just doing crytalization of your portfolio at a given time. Cheers, FB. Hi Mike,
I actually mentioned the capital gains taxes on the second part of this post on my blog :
http://www.thefinancialblogger.com/debt-swap-part2/

You are right, it is very important to consider how much you will pay in taxes by doing this strategy. However, as you will pay taxes on capital gains at one point, you can consider that you are just doing crytalization of your portfolio at a given time.
Cheers,
FB.

]]> By: FourPillars http://www.milliondollarjourney.com/debt-swap-part-1.htm/comment-page-1#comment-6119 FourPillars Tue, 12 Jun 2007 11:43:28 +0000 http://www.milliondollarjourney.com/debt-swap-part-1.htm#comment-6119 Hi FB, this swap is a pretty interesting idea for someone who has debts and non-registered investments. I guess another consideration which should be looked at is capital gains taxes on the liquidation since this will take away from the 'profit' of doing such an exercise. Great post! Mike Hi FB, this swap is a pretty interesting idea for someone who has debts and non-registered investments. I guess another consideration which should be looked at is capital gains taxes on the liquidation since this will take away from the ‘profit’ of doing such an exercise.

Great post!
Mike

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