Taxes

Leveraged Investment

Upon the advise of my financial advisor, I opened a leveraged investment account in September, 2006 with Transamerica Life.

I borrowed $100K from a financial institution at Prime+0.5 and purchased:

  • TLC874: imaxx TOP Agressive Growth GIP DSC(75/100)
  • TLC882: imaxx TOP Canadian Managers GIP DSC(75/100)

Initially the investment was doing pretty well,with all the turmoil in the market is this is the update: