Hi All,
I am wondering how many people have over-committed themselves and are now really feeling the bite?
We borrowed to buy mutual funds, then set up a margin loan against them. Double the income....double the pain...
It has now got to a point where we are feeling sick and not sleeping because there has been so much value gone out the window and the interest on the margin is capitalized, but the interest on the mutual fund is paid by us monthly. Add to that investment properties..... feeling pretty screwed!
I didn't think at the start we were that crazy, still here we are.
I wonder if we are the only ones in this boat? if you don't want to admit it in public, feel free to PM.
Thanks...
P.S. Ignore my signature quote.....
I am wondering how many people have over-committed themselves and are now really feeling the bite?
We borrowed to buy mutual funds, then set up a margin loan against them. Double the income....double the pain...
It has now got to a point where we are feeling sick and not sleeping because there has been so much value gone out the window and the interest on the margin is capitalized, but the interest on the mutual fund is paid by us monthly. Add to that investment properties..... feeling pretty screwed!
I didn't think at the start we were that crazy, still here we are.
I wonder if we are the only ones in this boat? if you don't want to admit it in public, feel free to PM.
Thanks...
P.S. Ignore my signature quote.....