Friday, September 07, 2007

Smith Manoeuvre pays for McD's


Anyway, enough with psycho-finance and let’s take a look at what is happening in my Smith Manoeuvre. Another $600 was added to my investment portfolio on August 1st. Therefore, I am at $-3,500 in my line of credit. My investments (plus reinvested divided) are at $3,477.91. I must admit that it went down my much more in the middle of the month, but that is only part of normal market fluctuation. Interest paid so far is $19,99. Therefore, I will receive about $8 in tax return so far. It is not really impressive, but at the end of the year, it will pay for McD’s!

The Financial Blogger » Smith Manoeuvre

No comments: