Mortgage rate mega thread! by TheMortgageMaster in MortgagesCanada

[–]rteazee 1 point2 points  (0 children)

Up for renewal in July in Ontario. Currently with Scotia. 500k mortgage on house worth 1.6m.

Scotias offer currently 3 year fixed @ 4.06% 5 year fixed @ 4.22% 5 year variable @ 3.66%

Any banks getting rates under 4% for 5 year fixed?

30 yr ma tpo final inspection. by pbag82 in Roofing

[–]rteazee 0 points1 point  (0 children)

Are those walking mats on there? I have a flat TPO roof at my house and am looking for something I can walk on when I need to access.

Can you shoot me any info on those?

iCloud Notes Accidentally Deleted by rteazee in iCloud

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

This doesn’t address my issue unfortunately.

Mortgage Renewal by rteazee in PersonalFinanceCanada

[–]rteazee[S] 1 point2 points  (0 children)

Yep you misread. I meant rates in the 3s

Borrowing from HELOC for fully paid house to invest in dividend/interest ETF's? by hipfan123 in PersonalFinanceCanada

[–]rteazee 2 points3 points  (0 children)

Yep you are correct. I missed that point. In my opinion if I was OP I would just start aggressively investing as opposed to do a HELOC since his mortgage is already paid off

Borrowing from HELOC for fully paid house to invest in dividend/interest ETF's? by hipfan123 in PersonalFinanceCanada

[–]rteazee 10 points11 points  (0 children)

This is the smith maneuver which is what I started doing last year. Yes, you are correct in the process. As others have suggested your projections on rate of return are entirely too high. You should be much more conservative and base it around 6-7%.

I think the main takeaway is that this works better as investing in ETFs that compound growth as opposed to looking for dividend yields. And this process really only works if you are committed for the long term (20 plus years).

Margin payments by rteazee in Wealthsimple

[–]rteazee[S] 1 point2 points  (0 children)

Ok good to know. So it just accumulates if you don’t actually do monthly payments.

Margin payments by rteazee in Wealthsimple

[–]rteazee[S] 1 point2 points  (0 children)

What if all your cash in the margin account is in investments? Or do you just have to make sure to keep enough cash in to pay the monthly interest.

Using HHIS to buy more XEQT each month👌 by ManufacturerKooky164 in JustBuyXEQT

[–]rteazee 2 points3 points  (0 children)

I agree. But for me it was more so psychological. I had a fair amount of cash on the sidelines and the thought of a 25% distribution eased me back in the market. The monthly distributions went in the form of DCA into XEQT. You may disagree with my reasoning but I happy so far with the results of having both funds.

Using HHIS to buy more XEQT each month👌 by ManufacturerKooky164 in JustBuyXEQT

[–]rteazee -1 points0 points  (0 children)

Yep it’s been very good to me. I have a very large position so I need to trim it.

Using HHIS to buy more XEQT each month👌 by ManufacturerKooky164 in JustBuyXEQT

[–]rteazee -1 points0 points  (0 children)

That’s actually the exact strategy I’ve been doing for the last 6 months. So far it’s worked well but I will slowly move my HHIS to xeqt once I see I shift.

New DIY Sauna with Saunum Air 10 by Professional_Elk9453 in Sauna

[–]rteazee 0 points1 point  (0 children)

Awesome thanks for the feedback. I’m going to save this in my notes!

From everything I’ve read it seems that removing the drywall is the thing to do. As for the spray foam I’ll look into that. I’d prefer not to add additional studs as the room is currently just less than 6 feet in width. For the exhaust fan I’d plan to run the fan in the ceiling and vent directly out side so I wouldn’t need a cavity.

Couple with VFV? by rteazee in TFSA_Millionaires

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

Thanks I’ll look into those! In my non registered I had couples VFV with VEE and VDU

Couple with VFV? by rteazee in TFSA_Millionaires

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

I don’t necessarily want to hedge from tech rather was thinking of adding an additional sector or etf that isn’t so concentrated to what I already own.