Has anyone here tried the SMith Manouvre? - GoFuckYourself.com

Phoenix · 12-11-2007, 09:53 AM

Anyone here with any experience with this?

the only real benefit i can see is turning a non tax deductible mortgage into a tax deductible one.

Risks, the borrowing of money to invest in a fixed income fund which could be good or turn into shit.

has anyone done this? has anyone thought out all the logic?

k0nr4d · 12-11-2007, 11:34 AM

I clicked this thread thinking it was some sort of weird sex-move like "the angry dragon" or something. This thread DOES NOT deliver...

UFGators2007 · 12-11-2007, 11:45 AM

Quote:

Originally Posted by k0nr4d

I clicked this thread thinking it was some sort of weird sex-move like "the angry dragon" or something. This thread DOES NOT deliver...

Phoenix · 12-11-2007, 12:08 PM

hehe hardy har

im really hoping to find someone who has looked into this or is doing it etc

CDSmith · 12-11-2007, 12:12 PM

I invented the Smith maneuver.

...but it's a lot different than the one you've described. :D

But with regard to taxes and mortgages, it's worth pointing out that although your mortgage per se isn't tax deductible, your mortgage interest is.

As well, if any part of your home is considered office space (as in work space) you can write off that % of your utilities and other costs and applicable expenses... as I do every year. So in a way albeit indirectly your mortgage is at least marginally covered with write-offs.

But no, I'm not familiar with any maneuver designed to allow one's entire mortgage to become tax deductible.

Got a link?

AlienQ - BANNED FOR LIFE · 12-11-2007, 12:15 PM

I invented CDSMITH Manure.

Phoenix · 12-11-2007, 12:23 PM

Quote:

Originally Posted by CDSmith

I invented the Smith maneuver.

...but it's a lot different than the one you've described. :D

But with regard to taxes and mortgages, it's worth pointing out that although your mortgage per se isn't tax deductible, your mortgage interest is.

As well, if any part of your home is considered office space (as in work space) you can write off that % of your utilities and other costs and applicable expenses... as I do every year. So in a way albeit indirectly your mortgage is at least marginally covered with write-offs.

But no, I'm not familiar with any maneuver designed to allow one's entire mortgage to become tax deductible.

Got a link?

http://www.smithman.net/home.html

i didnt want to link to a forum but if you look up smith manouvre in google..you will find some people talking about it.

it also brings in some heavy life insurance

CDSmith · 12-11-2007, 12:43 PM

Quote:

Originally Posted by AlienQ

I invented CDSMITH Manure.

Careful, it's so toxic I hear it'll blow up a meth lab.

Unconfirmed but I wouldn't chance it.

Phoenix thanks, I'll have a look at those links. :D

CDSmith · 12-11-2007, 12:49 PM

This here is a pretty good read... http://www.canadiancapitalist.com/20...noeuvre-debate

Still looking at other stuff on this though...

CDSmith · 12-11-2007, 01:01 PM

In this article: http://www.milliondollarjourney.com/...-manoeuvre.htm
it says "Maxing out your RRSP and investing for the long term will outperform the Smith Manoeuvre."

I tend to agree. One of the most amazing and productive ways of putting your money to better use for you involving RRSP's is this:

Temporary loan strategy:
(How to make a 50% higher RRSP contribution for the same money)

Example --
- Let's say you can afford $1,000 savings and decide to get an RRSP.
- You borrow $536 to go with your usual $1,000 RRSP contribution and you make an RRSP contribution of $1,536
- No payments are due on the loan for 6 months. The rate is 7%.
- You get a tax refund of $545 because of the RRSP.
- You use the refund to pay the loan off including $9 for 3 months interest.
- You have now put $1,536 in your RRSP for only $1,000.
- Your RRSP growth is 50% more than without the Temporary Loan.

I love this strategy, and wish I had of figured it out or been told about it years ago. I only ran across it last year.

msan · 12-12-2007, 05:43 PM

Quote:

Originally Posted by k0nr4d

I clicked this thread thinking it was some sort of weird sex-move like "the angry dragon" or something. This thread DOES NOT deliver...

I clicked this thread too thinking the same way.

12-11-2007, 09:53 AM	#1
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,462	Has anyone here tried the SMith Manouvre? Anyone here with any experience with this? the only real benefit i can see is turning a non tax deductible mortgage into a tax deductible one. Risks, the borrowing of money to invest in a fixed income fund which could be good or turn into shit. has anyone done this? has anyone thought out all the logic? __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

12-11-2007, 11:34 AM	#2
k0nr4d Confirmed User Industry Role: Join Date: Aug 2006 Location: Poland Posts: 9,229	I clicked this thread thinking it was some sort of weird sex-move like "the angry dragon" or something. This thread DOES NOT deliver... __________________ Mechanical Bunny Media Mechbunny Tube Script \| Mechbunny Webcam Aggregator Script \| Custom Web Development

12-11-2007, 12:08 PM	#4
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,462	hehe hardy har im really hoping to find someone who has looked into this or is doing it etc __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

12-11-2007, 12:12 PM	#5
CDSmith Too lazy to set a custom title Industry Role: Join Date: May 2001 Location: My network is hosted at TECHIEMEDIA.net ...Wait, you meant where am I located at? Oh... okay, I'm in Winnipeg, Canada. Oops. :) Posts: 51,460	I invented the Smith maneuver. ...but it's a lot different than the one you've described. :D But with regard to taxes and mortgages, it's worth pointing out that although your mortgage per se isn't tax deductible, your mortgage interest is. As well, if any part of your home is considered office space (as in work space) you can write off that % of your utilities and other costs and applicable expenses... as I do every year. So in a way albeit indirectly your mortgage is at least marginally covered with write-offs. But no, I'm not familiar with any maneuver designed to allow one's entire mortgage to become tax deductible. Got a link? __________________ *Promote Wildmatch, ImLive, Sexier.com, and more!!* ALWAYS THE HIGHEST PAYOUTS: Big Bux/ImLive SIGNUP ON NOW!!! Put some PUSSYCA$H in your pocket. ICQ me at: 31024634

12-11-2007, 12:15 PM	#6
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	I invented CDSMITH Manure. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

12-11-2007, 12:49 PM	#9
CDSmith Too lazy to set a custom title Industry Role: Join Date: May 2001 Location: My network is hosted at TECHIEMEDIA.net ...Wait, you meant where am I located at? Oh... okay, I'm in Winnipeg, Canada. Oops. :) Posts: 51,460	This here is a pretty good read... http://www.canadiancapitalist.com/20...noeuvre-debate Still looking at other stuff on this though... __________________ *Promote Wildmatch, ImLive, Sexier.com, and more!!* ALWAYS THE HIGHEST PAYOUTS: Big Bux/ImLive SIGNUP ON NOW!!! Put some PUSSYCA$H in your pocket. ICQ me at: 31024634

12-11-2007, 01:01 PM	#10
CDSmith Too lazy to set a custom title Industry Role: Join Date: May 2001 Location: My network is hosted at TECHIEMEDIA.net ...Wait, you meant where am I located at? Oh... okay, I'm in Winnipeg, Canada. Oops. :) Posts: 51,460	In this article: http://www.milliondollarjourney.com/...-manoeuvre.htm it says "Maxing out your RRSP and investing for the long term will outperform the Smith Manoeuvre." I tend to agree. One of the most amazing and productive ways of putting your money to better use for you involving RRSP's is this: Temporary loan strategy: (How to make a 50% higher RRSP contribution for the same money) Example -- - Let's say you can afford $1,000 savings and decide to get an RRSP. - You borrow $536 to go with your usual $1,000 RRSP contribution and you make an RRSP contribution of $1,536 - No payments are due on the loan for 6 months. The rate is 7%. - You get a tax refund of $545 because of the RRSP. - You use the refund to pay the loan off including $9 for 3 months interest. - You have now put $1,536 in your RRSP for only $1,000. - Your RRSP growth is 50% more than without the Temporary Loan. I love this strategy, and wish I had of figured it out or been told about it years ago. I only ran across it last year. __________________ *Promote Wildmatch, ImLive, Sexier.com, and more!!* ALWAYS THE HIGHEST PAYOUTS: Big Bux/ImLive SIGNUP ON NOW!!! Put some PUSSYCA$H in your pocket. ICQ me at: 31024634