|INP at significant low. Other stocks doing well.
USD up from 1.25 to 1.285
**Huge financial change with purchase of primary residence for $1.6 million.
$500,000 in cash allotted for down payment and property tax.
New mortgage will be for $1.13 million with monthly payments of ~$4500/mth vs current rent of $3000/mth.
Decision to lever up holding company by repaying the ~$500K outstanding shareholder loan credit by borrowing against the stock portfolio ($350K in margin account and $150K from unsecured personal LOC)
This is partially driven by proposed tax changes.
Significant funds moving forward will be directed to de-leverage within the holding company first with some pre-payment of mortgage.
Total $470K of available shareholder loan can be paid out tax free - COMPLETED|