I wanted to wait until the 1st of the month to officially open my PLOC at a rate of 4.45%. $15,000 felt right to start with. Represents about 73% of my total available PLOC. My collateral (1 non reg account in $XEQT and my TFSA in $VFV) would need to decrease in value by roughly 27% for me to have to add funds to those accounts (specifically the non-reg because my TFSA is maxed out for the year.) This will put me above 1,700 shares of $XEQT. Excited to see how this goes. Thanks to @moementumfinance and @kgcottawa for their content and comments! Went back and re-read everything before I authroized the PLOC. You guys made this a lot easier for me! Screenshots of transaction in comments. If you're from the Montreal area, take a look at the link in my bio! I have an in-person Facebook meetup group where we talk all things money!
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16 Comments
Moe @moementumfinance · 16d
Thanks for sharing thos update @alejcanales7! Coincidentally I also started my PLOC this week too and bought the same ETF. I'll share mine in a future post. I am glad we are on the same journey. 🫡
Martin McClellan@star87 · 16d
You finally did it and on my birthday ;) let me know how it goes !
Alessandro @alejcanales7 · 16d
michael @mickcrane · 16d
@alejcanales7 your portfolio would have to fall by more than 70% before you would need to add additional funds to fend off a margin call.
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