Borrowed $16,000 in the month of August, $1,850 in September and $800 in the month of October to invest in $XEQT. Total = $18,650 Market value of the funds as of now is $18,288.33. Current balance of interest owing is $187.11 🔴Return = -$548.78 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 have used 85% of the available PLOC. I have $36,601.58 in cash so if I ever need to up the collateralized accounts, I'd be more than glad to purchase more shares at a discount. For the time being, I am saving that money to travel, max out my TFSA/RRSP in 2027 and keep whatever is left over for a new car. I hold a personal finance meetup every month in Montreal. Check out my Facebook group link in bio and join! 😀
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1 Comments
DarkOctober
@darkoctober · 1d
It's been slow indeed since the beginning of summer. Hoping for a nice Christmas gift!
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