-$180,000 Loss!!

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I received a call yesterday from an individual that found me on the “world wide web”. He had come across my website http://www.rrspmortgageinvestor.com and had some questions for me with regards to using your RRSP’s to invest in mortgages.

The questions he asked me were pretty similar to what everybody asks but what was troubling to me was, he told me that as a result of being invested in mutual funds in this turbulent market, that his RRSP portfolio took a $180,000 loss in value.

Now this guy, so he said, is in his mid 50’s and recouping from a loss like that may well be very unlikely. What was even more troubling was that through that whole process, he was in touch with his financial planner and the advice he was getting was to just stay put.

Now, was that FP acting in his clients best interests, or his own?

At the end of the day, ultimately the responsibility lies in the hands of the investor and that’s why you should look at all your options when it comes to investing in RRSP’s including investing in “Arm’s length” mortgages.

Now, are “arm’s length” mortgages risky to invest in? Well every investment poses some element of risk but if you have a strategy and a system like the one I teach, your risks can be lessened.

$180,000 is a lot of money. My course costs $197.00. Now you don’t have to be a math major to figure out what is more.

Don’t be penny wise and pound foolish.

Walter Monteiro.

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