June 8, 2009

Day trading broker – If he surrenders that policy, then when he is ready to replace it he will have to pay the company's heavy sales load all over again, and maybe he will be penalized further in his physical examination.

So it is better for him to borrow on his old policy. Or suppose he owns nothing but common stock, and when he wants cash, the price level is so low he hates to sell; instead, he uses his stock as collateral for a bank loan. But with a well-balanced investment program, he would avoid getting into this fix by the simple expedient of having part of his capital in a fixed-dollar investment, cashable without loss. Borrowing can enable a saver to make a worthwhile investment that is otherwise impossible. Especially in buying a home, he may be obliged to borrow, because a house must be bought as a unit. The cost of a complete house is so large that even if a man can swing the deal, it is probably unwise to put so much of his capital into one investment at one time.

Day trading broker – If he surrenders that policy, then when he is ready to replace it he will have to pay the company's heavy sales load all over again, and maybe he will be penalized further in his physical examination.

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