Sibor+0.9%? Firstly the bank is not giving you a very good deal.
There are bloggers detailing similar leveraged insurance. One got Sibor+0.75% for putting down only $50k and borrowing only $150k i.e. $200k annuity product.
Another got even lower Sibor+0.5% for putting down $100k and borrowing $200k ($300k cashback endowment).
Secondly, yeah you have to be prepared to cut loss & swallow the loses if interest rate goes up too high.
Those bloggers are prepared & they have plenty of cash & other investment assets elsewhere.
Sibor+0.9%? Firstly the bank is not giving you a very good deal.
ReplyDeleteThere are bloggers detailing similar leveraged insurance. One got Sibor+0.75% for putting down only $50k and borrowing only $150k i.e. $200k annuity product.
Another got even lower Sibor+0.5% for putting down $100k and borrowing $200k ($300k cashback endowment).
Secondly, yeah you have to be prepared to cut loss & swallow the loses if interest rate goes up too high.
Those bloggers are prepared & they have plenty of cash & other investment assets elsewhere.