Wedbush Said to Acquire Stake in Polish Investment Bank Trigon
Terms of the transaction couldn't be learned. An agreement could be announced as soon as Monday, said the people who asked not to be identified because the information is private.
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Can't knock the hustle Anyone, regardless of their net worth, can use debt in strategic ways to start building wealth. The most important part of this strategy is to borrow only for appreciating assets. So, a mortgage to buy property or a business loan to start a new venture should help you build equity, while an expensive personal loan or credit card debt to finance vacations could destroy wealth over time. While borrowing money, shop around for the best rate and try to negotiate before signing up. Every basis point you can cut from the loan agreement can magnify your savings over the long term. You may also want a hard cap on how much you can borrow, regardless of how low the interest rate is or how attractive the underlying asset seems. Zuckerberg, Jay-Z and Beyoncé have mortgages that are a small fraction of their overall net worth. Similarly, financial advisors suggest keeping your debt-to-income ratio below 41% to avoid risk. 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Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
