Personal Finance

Investment Secured Line of Credit

  • Last Updated:
  • Jan 28th, 2015 9:32 am
Tags:
None
Jr. Member
Nov 18, 2013
120 posts
18 upvotes

Investment Secured Line of Credit

I am looking into taking out an investment line of credit secured against investments that I purchase.

Does anyone know what kind of rate I would be looking at?

Are you allowed to purchase stocks such as CIBC or BCE? Is there an interest only payment option?

Which institution would you recommend? I am currently with TD.

Thanks.
1 reply
Deal Addict
Jun 6, 2007
1025 posts
139 upvotes
KINGSTON, Ontario
You can set up a margin account to accomplish this. TD Waterhouse interest rates are 2× the rate that Interactive Brokers charges, though.

To my knowledge there is no investment LOC such that you can use a debit card to pay for transactions directly from the investment account.

Top

Thread Information

There is currently 1 user viewing this thread. (0 members and 1 guest)