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Friday, November 17, 2017

My debt situation on date of November 17, 2017

$94 670.35  at 4.25% (?) = to be confirmed...  in annual interest 


[In date of November 17, 2017]




*For a complete update regarding my debt, click on the label "Debt situation" located at the right column of this blog.

4 comments:

Pellrider Scarborough said...

I am wondering, you have debt because of mortgage....

Sunny said...

Its not mortgage - its a margin debt, link to my non-registered portfolio.

Pellrider Scarborough said...

I never tried margin trading. Is the interest tax deductible? How you do that?

Sunny said...

Yes, its tax deductible. However, I don't recommend margin, because a margin is directly link to the value of your portfolio and during down turn, you could experiment difficulties, like a margin call. At TD, they even give themselves the liberty to sell your assets themselves if you are in the red. I don't recommend margin to anyone.

 

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