This week we bought a new car (yes the one in the video title). But how I financed it and further optimized my PIIverse retirement portfolio is the big story ! https://youtu.be/46c9rUZJgSA
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14 Comments
Carlos L@retirement_rants · 11h
Totally agree Perry I did the exact same before I retired. Rates were too good to not borrow. It will be paid off this spring and the money that paid it off will keep working for me…😎
Canadian Investor@canadianinvestor · 13h
If you had used the cash from your non-registered account to buy the car, then borrowed from your HELOC to purchase income-producing shares in your non-registered account, you would have ended up with the same investments and the same amount of debt, but the interest on the HELOC could have been tax-deductible against your income.
Karin @karinfre1 · 4h
Not sure I fully understand this but I gather you paid the full amount to the dealership and used your tfsa and Heloc, which has a lower interest rate, to pay the full amount. Now that you’ve rebalanced you will have room in your tfsa and the positions you’ve added will make more in distributions than the interest rate on your heloc.
Steve Hudson@remaxman · 8h
Thank you HELOC
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