Continued to borrow $500 available balance from my HELOC to invest in my Smith Manoeuvre Portfolio and but more shares of $XEQT. These days rather than directly investing money in my non-reg account (since I have maxed out our tax registered accounts), I am first funneling the money to pay down my readvanceable mortgage, and then reborrowing that available balance through HELOC to invest in SM non-reg account. You can learn more here: https://youtu.be/fy2-FfCt9t8 The key advantage would be accelerating the process of converting my non-tax-deductible mortgage debt to a tax deductible one.
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8 Comments
Joe Money@thejoemoneyshow · 9d
What’s the percentage they giving you for the HELOC?
Mike Falls@mcfalls · 9d
When using the smith manoeuvre and investing in your non reg account, how much of the 4.95 interest is deductible?
DarkOctober @darkoctober · 9dEdited
Just bought a little 100$ of xeqt with my ploc with the red day. My TFSA is still pretty low at 25k so plugging the holes of what I lose on small red days is fun and still feasible.... Until it grows too much 😂
Martin McClellan@star87 · 9d
Bought $1000 worth of $XEQT as well. Inside my FHSA
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