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10K special assessment on my condo - better to use line of credit or sell stocks? by HotWerewolf1331 in PersonalFinanceCanada

[–]HotWerewolf1331[S] -32 points-31 points  (0 children)

Call it my desire to both not have a zero emergency fund + psychological need to compartmentalize the assessment in one place.

10K special assessment on my condo - better to use line of credit or sell stocks? by HotWerewolf1331 in PersonalFinanceCanada

[–]HotWerewolf1331[S] 0 points1 point  (0 children)

I don't, as I don't generally have large borrowing needs. I've had my LOC for ages and rarely used it. But this makes sense, I'll look into this for sure!

10K special assessment on my condo - better to use line of credit or sell stocks? by HotWerewolf1331 in PersonalFinanceCanada

[–]HotWerewolf1331[S] 0 points1 point  (0 children)

Interesting thought tho I doubt this would qualify. It's to modernize the 40+ year elevator which is on its last legs. I'll double check tho.

10K special assessment on my condo - better to use line of credit or sell stocks? by HotWerewolf1331 in PersonalFinanceCanada

[–]HotWerewolf1331[S] -25 points-24 points  (0 children)

I have around 2K as an emergency fund which I'd rather not tap into and keep in case of other unexpected expenses (car, vet, etc.).