Margin account debt: $46,584.33 @ 7.25%
Annual interest: $3,377.36
On the date November 25, 2022
**For a complete update regarding my debt, click on the label "Debt situation" located in the right column of this blog.
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4 comments:
Receive approx $1200 dividend today, I alos carry balance on a credit line @6.45%.
Should I pay down debt or reinvest. What is your opinion ?
Thanks.
How much is the debt on your credit line?
20k
There's nothing wrong with holding on to some debt if you can afford it. Your interest rate is even lower than my margin account. If I were you, I would put the money as savings in a GIC or even better, invest in high-quality stocks.
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