Borrowed $16,000 in the month of August and $1,850 in September to invest in $XEQT. Market value of the funds as of now is $18,023.16. Current balance of interest owing is $121.49. 🟢Return = $51.67 I don’t plan on paying this interest balance right now, in order to capitalize it (get charged interest on the interest balance.) Of course, $XEQT is a lifelong commitment so the lack of return so far isn’t a concern whatsoever. As my collateral increases in value, I plan to contribute more to my leveraged position. I hold a personal finance meetup every month in Montreal. Check out my Facebook group link in bio and join! 😀
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6 Comments
Simon
@passing30w · 20d
Im curious about PLOC but don’t quite want to do it just yet. Do you pay down the interest with your income?
Hamida
@hamidainvests · 18d
Hmm interesting What's your intrest rate ?
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