How do people feel about daily fluctuations? I was up a decent amount yesterday (say x dollars) and that made me happy. Today, I am down ~0.75x and meh. I don't really care. Do others get anxiety when things drop? I think my all time peak was around early December 2021 and then I dropped. Might get back to the same place in the next month or so.
As for my HELOC to dividend started in December, unrealised capital gains of ~2% and ~2% of loan principal paid off. Nothing earth shattering (but it wasn't supposed to be) but it could be a solid income stream eventually.
Just keep doubling down on your bad decisions. I'm only down ~35% on LSPD because I buy more when it has a day with a big drop.I hate the fluctuations but have learned to live with them today is a all time high and makes me happy. The drops make me nervous but up 72% 1 year yellow is sp tax 60. Lspd is my biggest loser down 60%
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You mean like today LoLJust keep doubling down on your bad decisions. I'm only down ~35% on LSPD because I buy more when it has a day with a big drop.
No. Thursday or friday was bad so I bought some Monday at open. That portion is up ~$1/share.You mean like today LoL
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Max out tfsa with stonks.OK so smart people (or other GTAMers)...
How's this for a plan...
Drop 5k into a TFSA from LOC @ 2.45% - bank stock dividend paying
Pay down 5k
Drop 5k into a TFSA from LOC @ 3% (assuming increase in bank rates) - energy stock dividend paying
Pay back 5k
Drop 5k into a TFSA from LOC @3.5% - comm dividend paying stock
OR
Drop 15k into a TFSA from LOC, and just pay it back slowly (technically I have 15k in cash for this, which still leaves me a decent emergency fund)
I've got 25k of RRSP room available...but with my OMERS contribution...seems like it's not the best idea to drop a lot of money into RRSP right now.
I don't like these plans. Remember, you don't get to write off the interest if you borrow for TFSA. Use your 15K cash to fund TFSA and HELOC for emergency fund. If you invest in a bank stock at ~3.5% and have to pay interest (non-deductible) at ~2.5%, you are relying on appreciation to make any money.OK so smart people (or other GTAMers)...
How's this for a plan...
Drop 5k into a TFSA from LOC @ 2.45% - bank stock dividend paying
Pay down 5k
Drop 5k into a TFSA from LOC @ 3% (assuming increase in bank rates) - energy stock dividend paying
Pay back 5k
Drop 5k into a TFSA from LOC @3.5% - comm dividend paying stock
OR
Drop 15k into a TFSA from LOC, and just pay it back slowly (technically I have 15k in cash for this, which still leaves me a decent emergency fund)
I've got 25k of RRSP room available...but with my OMERS contribution...seems like it's not the best idea to drop a lot of money into RRSP right now.
I've got about 60k in space in TFSA...but can't stomach dropping all that $ from borrowed money.Max out tfsa with stonks.
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Use your tfsa room I think energy stocks will keep running for a bit.OK so smart people (or other GTAMers)...
How's this for a plan...
Drop 5k into a TFSA from LOC @ 2.45% - bank stock dividend paying
Pay down 5k
Drop 5k into a TFSA from LOC @ 3% (assuming increase in bank rates) - energy stock dividend paying
Pay back 5k
Drop 5k into a TFSA from LOC @3.5% - comm dividend paying stock
OR
Drop 15k into a TFSA from LOC, and just pay it back slowly (technically I have 15k in cash for this, which still leaves me a decent emergency fund)
I've got 25k of RRSP room available...but with my OMERS contribution...seems like it's not the best idea to drop a lot of money into RRSP right now.
Any recommendations? I won't hold it against you if they go down! Promise!Use your tfsa room I think energy stocks will keep running for a bit.
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I bought some Enbridge. Up about 2% in the last month. Ex-dividend Feb 14. Dividend pays March 1 and goes to the loan. 6.54%Any recommendations? I won't hold it against you if they go down! Promise!
Vet.to tourmaline? vet will be introducing a dividend soon and should pop a bit then.Any recommendations? I won't hold it against you if they go down! Promise!
Pretty sure I've got VET.TO in my portfolio after the last recommendation you guys posted.Vet.to tourmaline? vet will be introducing a dividend soon and should pop a bit then.
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This is my plan, Enbridge is nice...steady...necessary...and has zero competition.I bought some Enbridge. Up about 2% in the last month. Ex-dividend Feb 14. Dividend pays March 1 and goes to the loan. 6.54%
Oh yea I was going to pick up some ac.Pretty sure I've got VET.TO in my portfolio after the last recommendation you guys posted.
This is my plan, Enbridge is nice...steady...necessary...and has zero competition.
Just checked my Air Canada stock...$25.13/Ea and I bought at $17. Not great, not bad...but room for growth and return to $50/Ea.
5k would be paid back with normal money being paid back at $300-400/month from my pocket...not dividends.I don't like these plans. Remember, you don't get to write off the interest if you borrow for TFSA. Use your 15K cash to fund TFSA and HELOC for emergency fund. If you invest in a bank stock at ~3.5% and have to pay interest (non-deductible) at ~2.5%, you are relying on appreciation to make any money.
What is paying down the 5K's? Dividends or cashflow from MP? It will take a very long time with dividends.
When borrowing to invest, I try to stick with index funds as opposed to an individual company. Can't go to zero and swings will be muted. I need some stability while playing with the banks money.
I love the tfsa tax free interest personally.5k would be paid back with normal money being paid back at $300-400/month from my pocket...not dividends.
As to your first point...is it beneficial to write off the interest...and then pay income tax / capital gain over the long term with those stocks? Or eat the interest cost (within the TFSA) and let it grow tax free for future gains?
Personally, I would use borrowed money for non-registered investments which frees up MP's money for TFSA investments. You need to run your own numbers. Canadian dividends get special treatment for income tax. If you are earning ~4% and paying ~2.5% tax, I suspect you will be better in a non-registered account. Only hindsight can tell you if you made the right choice as you can't accurately predict potential capital gains on an investment in a market segment.5k would be paid back with normal money being paid back at $300-400/month from my pocket...not dividends.
As to your first point...is it beneficial to write off the interest...and then pay income tax / capital gain over the long term with those stocks? Or eat the interest cost (within the TFSA) and let it grow tax free for future gains?