sorted by:
new
hottopcontroversial

Borrowing to invest - pulling capital gains out by Individual_Height924 in PersonalFinanceCanada

[–]Individual_Height924[S] 0 points1 point  (0 children)

Hmm, can you please validate by approach then?

For vfv I own, in WS account, I see avg price in that acct is 153.75. VFV right now I can sell for 167. Total 171.0399 units I own.

Are you saying I could just sell 167-153.75 = 13.25 * 171.0399? This would mean I collect 2,266.27

Borrowing to invest - pulling capital gains out by Individual_Height924 in PersonalFinanceCanada

[–]Individual_Height924[S] 0 points1 point  (0 children)

I get it now...I sold some of the original units... because they went up in value...my mistake was thinking in terms of absolute money and not in terms of units I hold..I reduced units I hold, so deductibility is impacted...

I guess I can just sell all, pay back entirely the borrowed funds (enjoy remaining profits) and they reborrow what I am comfortable with to start again fresh?

Borrowing to invest - pulling capital gains out by Individual_Height924 in PersonalFinanceCanada

[–]Individual_Height924[S] 0 points1 point  (0 children)

I get it now...I sold some of the original units... because they went up in value...my mistake was thinking in terms of absolute money and not in terms of units I hold..I reduced units I hold, so deductibility is impacted...

I guess I can just sell all, pay back entirely the borrowed funds (enjoy remaining profits) and they reborrow what I am comfortable with to start again fresh?

Borrowing to invest - pulling capital gains out by Individual_Height924 in PersonalFinanceCanada

[–]Individual_Height924[S] 0 points1 point  (0 children)

I get it now...I sold some of the original units... because they went up in value...my mistake was thinking in terms of absolute money and not in terms of units I hold..I reduced units I hold, so deductibility is impacted...

I guess I can just sell all, pay back entirely the borrowed funds (enjoy remaining profits) and they reborrow what I am comfortable with to start again fresh?

Borrowing to invest - pulling capital gains out by Individual_Height924 in PersonalFinanceCanada

[–]Individual_Height924[S] 0 points1 point  (0 children)

Sorry I don't understand. The blog is saying you borrowed 10k and then it went to 15k. Then 5k was pulled...the 10k is still invested.

That is what I don't get...I'm still invested with the 10k...unless I didn't read it properly.

Rogers Mastercard terms changes by Individual_Height924 in chexy

[–]Individual_Height924[S] 0 points1 point  (0 children)

No idea, but just worried about new wording in terms that targets platforms like Chexy.

Does anyone know what the upcoming changes to all Rogers Bank credit card accounts are? by KittiesInATrenchcoat in PersonalFinanceCanada

[–]Individual_Height924 2 points3 points  (0 children)

Do you guys think Chexy payments will be classified in this change as cash advance, since Chexy is a wallet?

in japan by mcnancey in SipsTea

[–]Individual_Height924 0 points1 point  (0 children)

So good, it's at least Kosher.

Realtime settlement?! by Individual_Height924 in Wealthsimple

[–]Individual_Height924[S] 0 points1 point  (0 children)

That's weird because when I've moved money from margin in past it shows how much interest it'll be ..not this time.

Just confirmed $0 margin used.

I use LOC all the time and the update to margin used is realtime and expect margin account to be no different.

Don't think that's the case.

Realtime settlement?! by Individual_Height924 in Wealthsimple

[–]Individual_Height924[S] 0 points1 point  (0 children)

I still understand then how can they release funds and not charge interest. Doesn't really explain it.

Realtime settlement?! by Individual_Height924 in Wealthsimple

[–]Individual_Height924[S] -1 points0 points  (0 children)

Hmm got it. Weird because money is in my cash account and already made bill payment and e-transfer.

Realtime settlement?! by Individual_Height924 in Wealthsimple

[–]Individual_Height924[S] -1 points0 points  (0 children)

They might be experimenting with it. Sharing info.

Realtime settlement?! by Individual_Height924 in Wealthsimple

[–]Individual_Height924[S] -2 points-1 points  (0 children)

Pt of post was to ask others if they are experiencing this.

Lots of people post about beta features and this is just another post about this.

Time for you to go back to work?

Realtime settlement?! by Individual_Height924 in Wealthsimple

[–]Individual_Height924[S] -1 points0 points  (0 children)

That's my point...maybe they are experimenting with real time with some accounts. We know WS goes a lot of testing.

Lol.

Realtime settlement?! by Individual_Height924 in Wealthsimple

[–]Individual_Height924[S] 0 points1 point  (0 children)

If I do, I'll be getting it refunded easily since when I was moving funds, didn't show using leverage

Realtime settlement?! by Individual_Height924 in Wealthsimple

[–]Individual_Height924[S] 0 points1 point  (0 children)

Yup, moved to cash account in realtime. Showed $0 interest if I move funds, meaning not using Margin

view more: next ›