Margin account: $47 007.34 @ 5.50%
Annual interest: $2 585.41
Annual interest: $2 585.41
On date of April 5, 2019
*For a complete update regarding my debt, click on the label "Debt situation" located at the right column of this blog.
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4 comments:
Hi, FYI your calculation of your margin interest is based on simple interest. But it should
Probably be compounded interest.
You are right, unfortunately. But the dividend earns inside my non-registered help a bit to calm down the fire interest.
What am I missing? The amount of annual interest is exactly as shown here, amount×annual interest. 5.5% is the yearly interest rate. The daily interest is that amount divided by 360. That's how we calculate interest. Compounding does not apply here, you're not paying back anything, it's just interest on the amount borrowed
I guess to find out for sure I could call TD. C interest is for investing, not for margin. But for a sec, I taught maybe it was it, but its not a detail that bother or even interest me, sorry!
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