Hi John This was actually well meant and I am sorry if you thought it condescending.
Sometimes in finance cutting losses by exiting an investment of any sort is actually a good way to go. It may not be applicable in your case, I acknowledge. My personal experience has been in closing down some dud "insurance + investment" type policies to the tune of about 100k rupees annual premium that an agent had sold my wife years back, and replacing them with term life insurance plans -- srs (blackberry) -----Original Message----- From: John Sundman <[email protected]> Sender: [email protected] Date: Sun, 29 Jan 2012 23:19:50 To: <[email protected]> Reply-To: [email protected] Subject: Re: [silk] What is the greatest human invention? Hello Suresh, With all due respect, your comment seems at the least presumptuous, if not outright condescending. Do you think I have not considered such things as you suggest -- when, as I've said, I've lived with a virtual gun to my head? My situation is vastly more complicated that I care to elaborate here -- and indeed, contrariwise, I would not be surprised if your own personal life situation contains subtleties and complexities that I never could have imagined. So I guess what I'm saying is, I'm happy to get any friendly advice from any quarter, but maybe we can keep such things off list? I'm john@wetmachine. Regards, jrs On Jan 29, 2012, at 10:56 PM, Suresh Ramasubramanian wrote: > Hi John > > It MAY be strategic to sell an asset that has depreciated in value far lower > than the amount of outstanding loan you have on it > > Like buying a 400k home whose value has fallen to 200k, and buying a smaller > apartment at closer to normal rates. > > In such markets it also makes sense to go debt free, 100 percent.
