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With a decent investment adviser (not banks!!!) you will make a return as given by the OP. However, markets are cyclical and you need confidence the out-wait these cycles.
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Not in Canada, unless you play some financial games such as paying off your mortgage, then floating a new mortgage for the express purpose of investing. In this case the mortgage interest would be tax deductible. I have thought about doing this but decided against this because you can find yourself paying off a loan for investments that are worth less than the loan. This scenario played out in the last two years.
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