I'm inclined to believe him.
The 12% was my number, and it didn't take into account compounded DRIP, tax-free.
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Banks and credit cards
- Thread starter nobbie48
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I'm inclined to believe him.
The 12% was my number, and it didn't take into account compounded DRIP, tax-free.
I'll see if I can find the screen shot / list. Don't want to ask him again.
It was all in high dividend paying stocks.
This was done at the height of COVID, and the lowest interest rates at the time. Everything (EDIT: that was possible) was setup for DRIP.
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What's paying the loan if almost everything is being reinvested?
Sorry, the numbers in your quote of mine are wrong. Ignore my bad math.
If I was doing it, I'd pay the interest from my non-TFSA funds and let the good times roll inside the TFSA.
For my borrow to invest money, I have been using all the dividends to pay down the loan. Money out of tfsa makes room for the next year. In January transfer in investments from unregistered account to keep tfsa full. I've finally paid off the tfsa side of the loan so I will likely mostly drip inside tfsa now. I only have enbridge in the unregistered account now so dividends are quarterly.
I assume his salary, and some funds don't do DRIP. But I learned my lesson and don't dive in too deep with questions about other people's finances.
I'm slow on the uptake here.
What's the advantage of withdrawing cash from the TFSA divvy to pay the loan and then transferring back in again vs using cash from outside the TFSA to pay the loan?
Google-fu to the rescue:
Highest yielding Canadian stocks: High-Dividend Yield Canadian Stocks — TradingView
However, as mentioned earlier, a high divvy could mean a stock in free-fall, so here's a better list:
Highest *quality* divvy stocks, taking into account stability and valuation: Top 100 dividend stocks in Canada 2025 - MoneySense
I want the plan to have no effect on cashflow from employment income. Heloc interest due monthly. Dividend in unregistered account only happens quarterly. Until recently, dividend from unregistered account was insufficient to cover interest on investment loan. There are also some danglers in TFSA where I don't have enough to make DRIP (or DPP) work so they kick out a few hundred. I don't want to leave that sitting as cash and paying $9.99 to buy something with it makes no sense. That goes towards loan and makes room for next year when I transfer in securities.
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I've seen those. I prefer your 1st link........
Interested in someone's personal stash, who's doing well. MP???
I don't borrow from anything to invest, or to buy chit.
My tfsa is fulla divi payers.
DIV.TO being my largest & longest tfsa holding. They fire lotsa shares at me every month (drip), no charge.
CTC-A.....
HDIV.....
Gotcha.
I don't have my head in the HELOC space because, as you know, non-GTA Land Baron here...
It's all margin, all the time. Stuff comes in, stuff goes out, most of it unregistered. Tax-wise and perception-wise.
Dunno. Some real stinkers in there, though.
BCE -33% from the 52-wk top
FSZ -32% from the 52-wk top
TF - 25% from the 52-wk top
Indeed.
Stop losses can be useful. I'm amazing at setting them.
For instance.......I use one for amzn........is it necessary? Not likely.
I didn't use it for Lion Electric, even though that "voice in my skull" kept telling me to. Look where that got me. ($4.50 to $.34. A trading halt, and bankruptcy).
I'll let ya know in the future if I learned myself anything from Lion!
Everything I use them I get burned on a bounce and when I don't it goes into freefall
Sent from my Pixel 5 using Tapatalk
Everytime I try stop losses, they cause me losses. Literally 100% of the times I tried. I end up triggering a sale on a quick drop, locking in a loss and buying back in higher (with the associated annoyance of a delay to avoid superficial loss rules).
It's my personal belief that market makers and institutional traders have access to, and use stop-loss order data to screw retail investors out of positions.
[/tinfoilhat]
I have many other stock market conspiracy theories that I've come up with, to explain my lack of stock-investing prowess...
