Home Equity Loans | Gearing Up To Build On Wealth | It's Finance 101

Published By Finance 101 On June 2nd 2011. Under?Tips, credit, financial, interest, investment, money??Tags:?afford-the-risk, australian, credit, credit-loan, gear-into, good-value, money, patrick, risky-yet, start, state, the-risk, the-year, took-out, year??

Line-of-credit loan risky yet attractive. At the start of the year, financial adviser Patrick Canion took out a $100000 home-equity loan to invest in a State Street's SPDR S&P/ASX 200 exchange-traded fund (stock code STW). ? ?Rather than pay $500 in interest a month, I could just save the money and invest, which would be a lower-risk strategy. ?But because I see the Australian market as good value and I can afford the risk, I decided to gear into the investment.? ?

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Home Equity Loans | Gearing Up To Build On Wealth

Source: http://www.itsfinance101.com/2011/06/home-equity-loans-gearing-up-to-build-on-wealth/

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