I wondered over to your blog to see what’s new and after reading a few posts I realized why I don’t visit anymore, and it’s because your articles are drenched in pro-debt/leveraged strategies. This is something I don’t agree with and don’t practice. I do understand the mathematical ramifications of using debt to leverage yourself, it’s just something I plan to do without.
Firstly, what Josh is saying isn’t quite true …
… in fact, I don’t recommend debt to anybody. What I have said is that I don’t believe in the anti-debt lobby.
There’s nothing evil about debt per se, it’s if/how/when you apply it that counts.
For example, I have variously had:
a) a little debt: on my various buy/hold properties
b) a lot of debt: in my finance company (for a finance company, cash is like stock … you need as much of it on hand as possible)
c) no debt: all of my other businesses were ‘bootstrapped’ and self-funded
I should point out that Josh is a stock investor; he has made a small fortune (turned a couple of $k into one $m or so while still at college) buying pharmaceutical ‘penny stocks’ … I wonder how many people would consider that risky?
One man’s ‘sensible investment strategy’ is surely another man’s poison 😉