Have you ever thought of using some of your gains to get rid of your debt? You could then use the annual interest cost savings to purchase more stocks and further enhance your annual dividend income and net worth.
are you sure about that 4.25% rate? TD raised the rates to 4.750% https://www.td.com/ca/products-services/investing/td-direct-investing/accounts/rates.jsp
I invest on margin sometimes because I dont't make enough to cover both all of my living expenses and invest. Eventually, I should look at paying down that big fat margin.
Hi Frederic,
Thanks for catching up. I didn't check yet, but I think you are unfortunately right ;(
Have you ever thought of using some of your gains to get rid of your debt? You could then use the annual interest cost savings to purchase more stocks and further enhance your annual dividend income and net worth.
ReplyDeleteare you sure about that 4.25% rate? TD raised the rates to 4.750%
ReplyDeletehttps://www.td.com/ca/products-services/investing/td-direct-investing/accounts/rates.jsp
and it's going to be raised again later this year
I invest on margin sometimes because I dont't make enough to cover both all of my living expenses and invest. Eventually, I should look at paying down that big fat margin.
ReplyDeleteHi Frederic,
Thanks for catching up. I didn't check yet, but I think you are unfortunately right ;(