You may have money in the bank, own property or have a great income. So why borrow to invest?
Borrowing to invest might sound risky, and in some situations is, but its a common practice that can accelerate your wealth accumulation and provide an effective means of reducing the amount of tax you pay. By borrowing money you can:
- diversify your investment portfolio, which helps to minimise the risk that occurs when you have all your assets in the one basket
- claim the interest you pay back as a legitimate tax deduction
- utilise the existing equity in your home to build wealth
- free up any existing cash for other priorities such as private school fees, holidays, or household purchases.
Interest rates are at record lows. It has never been a better time to borrow to invest. Contact Stonegate today.
