Saskatoon Mortgage Broker shares article on low interest rates prompt savers to borrow to invest

Low interest rates prompt savers to borrow to invest

Aleksandra Sagan, CBC news, August 05, 2015

Kevin Stone is 28 years old and already has over half a million dollars of debt, including a mortgage and a loan to purchase farmland. But he’s not concerned, because that apparent burden is actually helping fuel his roughly $400,000 net worth.

He’s one of a number of Canadians taking a gamble and borrowing money at historically low rates not to fuel an excessive lifestyle, but to invest in the stock market. It’s a strategy one financial planner warns isn’t for everyone, and even seasoned investors can see things go wrong.

To read full article please click here.

No comments yet.

Add your Comment